Weekly Basis 11/23/25
- Wright team
- 11 minutes ago
- 5 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 46,245, -902 points for the week.
Crude oil settled at $57.98, -1.97.
Dollar Index settled at 100.2, +0.93.
Baltic Dry Index (a shipping freight-cost index) settled at 2,275, +150.
Corn
December futures settled at $4.25½, -4¾¢ 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 -36Z, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis was 15Z, 5¢ firmer, $4.41 cash price.
Iowa Falls Poet’s spot basis was -9Z, 3¢ firmer, $4.16 cash price.
COT Report (Commitment of Traders, chart below) as of October 7:
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