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Weekly Basis 1/15/23

The Dow Jones Industrial Average (DJIA) settled at 34,302.61, up 672.00 points for the week.

Crude oil settled at $80.07, up $6.34.

The Dollar Index settled at 102.18, down 1.73.

The Baltic Dry Index (a shipping freight-cost index) settled at 946, down 184 for the week.

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



March futures at $6.75, up $0.21 for the week.

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

US national average basis is 9H, steady.

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