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Weekly Basis 10/8/23

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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