Weekly Basis 10/8/23
- Wright team
- Oct 8, 2023
- 3 min read
It's our weekly grain market prices and US grain basis analysis and outlook on October 8, 2023 for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 33407.58, -99.92 points for the week.
Crude oil settled at $82.81, -7.96.
The Dollar Index settled at 106.1, -0.07.
The Baltic Dry Index (a shipping freight-cost index) settled at 1929, +228 points for the week.
Corn
December futures at $4.92, +15¼¢ 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 -28Z, 1¢ weaker.
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