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Weekly Basis 04/22/2022

The Dow Jones Industrial Average settled at 33,811.40, down 639.83 points for the week.

Crude oil settled at $101.45, down $5.09 for the week. The dollar index settled at 101.13, up 0.63 for the week.


Below is corn, soybeans and wheat basis situation this week.


 

Corn


July corn settled at $7.89, up 5¼ cents for the week.


Dayton, Ohio Cargill is paying $7.89 for corn, even with the July futures, which is a 3 cent firmer basis than a week ago. Their fall delivery basis is steady at 30 under the December futures.

Poet at Iowa Falls is paying $7.89 for corn, even with the July futures, which is 10 a cent weaker basis than a week ago. Their fall 2022 delivery basis is steady at 30 under the December futures.

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