It's our weekly grain market prices and US grain basis analysis and outlook on October 1, 2023 for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 33507.5, -456.34 points for the week.
Crude oil settled at $90.77, +0.44.
The Dollar Index settled at 106.17, +0.59.
The Baltic Dry Index (a shipping freight-cost index) settled at 1701, +108 points for the week.
Corn
December futures at $4.76¾, +½¢ for the week.
Basis (Z = December; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash price)
The US national average basis is -27Z, 4¢ weaker..
Dayton, Ohio Cargill’s spot basis is -15Z, 20¢ weaker, $4.62 cash price..
Iowa Falls Poet’s spot basis is 0Z, steady, $4.76 cash price..