Weekly Basis 10/16/22

The Dow Jones Industrial Average (DJIA) settled at 29,634.83, up 338.04 points for the week.

Crude oil settled at $85.55, down $7.65 for the week.

The Dollar Index settled at 113.30, up 0.55 for the week.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,838, down 123 points for the week.

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

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Corn

December futures at $6.89¾, up $0.06½ for the week.

Basis

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