Weekly Basis 10/9/22

The Dow Jones Industrial Average (DJIA) settled at 29,296.79, up 571.28 points for the week.

Crude oil settled at $93.20, up $13.46 for the week.

The Dollar Index settled at 112.75, up 0.58 for the week.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,961, up 201 points for the week.

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

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Corn

December futures at $6.83¼, up $0.05¾ for the week.

Basis

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