Weekly Basis 11/2/25
- Wright team
- Nov 2
- 4 min read
It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments.
Dow Jones Industrial Average Index settled on Friday at 47,563, +356 points for the week.
Crude oil settled at $60.88, -0.56.
Dollar Index settled at 99.72, +0.78.
Baltic Dry Index (a shipping freight-cost index) settled at 1,966, -25.
Corn
December futures settled at $4.31½, +8¼¢ for the week.
Basis (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cash price)
The US national average basis was -37Z, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis was even Z, 15¢ firmer, $4.32 cash price.
Iowa Falls Poet’s spot basis was -25Z, 5¢ firmer, $4.06 cash price.
Crush Margin
Corn Ethanol Crush Margin was $2.62, $2.75 a week ago and $2.00 a year ago.
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