Weekly Basis 1/1/23
The Dow Jones Industrial Average (DJIA) settled at 33,147.25, down 56.68 points for the week.
Crude oil settled at $80.51, up $1.16 for the week.
The Dollar Index settled at 103.49, down 0.84 for the week.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,515, steady for the week.
Below is corn, soybeans and wheat basis outlook this week.
March futures at $6.78½ up $0.12¼ for the week.
(H = March; e.g. 10H means 10 over March) (Futures price + Basis = Cash price)
US national average basis is 12H, 1 cent weaker for the week.
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