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Weekly Basis 1/14/24

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.

The Dow Jones Industrial Average (DJIA) settled at 37592.98, +126.87 points for the week.

Crude oil settled at $72.76, -1.19.

The Dollar Index settled at 102.44, +0.01.

The Baltic Dry Index (a shipping freight-cost index) settled at 1460, -650 for the week.



March futures at $4.47, -13¾¢ for the week.

Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)

  • The US national average basis is -25H, 2¢ firmer.

  • Dayton, Ohio Cargill’s spot basis is -10H, 5¢ firmer, $4.37 cash.

  • Iowa Falls Poet’s spot basis is 5H, steady, $4.52 cash price.

COT Report (Commitment of Traders)

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