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Weekly Basis 10/11/26

Writer: Wright team
Wright team
6 hours ago
5 min read

It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments.


The Dow Jones Index settled on Friday at 51,655, +478 points for the week.

Crude oil settled at $91.66, +0.40.

Dollar Index settled at 102.23, +0.31.

Baltic Dry Index (a shipping freight-cost index) settled at 2,917, -231.



Corn


December futures settled at $4.79¾, -18¢ for the week.


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

  • The US national average basis was -40Z, 3¢ firmer.

  • Dayton, Ohio Cargill’s spot basis was -20Z, steady, $4.60 cash price.

  • Iowa Falls Poet’s spot basis was -35Z, 25¢ weaker, $4.44 cash price.


COT Report (Commitment of Traders, chart below):

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