It's our weekly grain market prices and US grain basis analysis and outlook on November 19, 2023 for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 34947.28, +664.18 points for the week.
Crude oil settled at $75.84, -1.51.
The Dollar Index settled at 103.81, -1.99.
The Baltic Dry Index (a shipping freight-cost index) settled at 1820, +177 points for the week.
Corn
December futures at $4.67, +3¢ 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 -25Z, 1¢ weaker.
Dayton, Ohio Cargill’s spot basis is -50Z, 17¢ weaker, $4.17 cash price.
Iowa Falls Poet’s spot basis is 18Z, 3¢ firmer, $4.85 cash price.
COT Report (Commitment of Traders)