Weekly Basis 11/8/26
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.
The Dow Jones Index settled on Friday at 51,286, -485 points for the week.
Crude oil settled at $90.34, -12.61.
Dollar Index settled at 102.28, +0.32.
Baltic Dry Index (a shipping freight-cost index) settled at 2,805, +91.
Corn
December futures settled at $4.41½, -6¼¢ for the week.
Basis (Z = Dec; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cash price)
The US national average basis was -34Z, 4¢ firmer.
Dayton, Ohio Cargill’s spot basis was -5Z, 15¢ firmer, $4.37 cash price.
Iowa Falls Poet’s spot basis was -25Z, 10¢ firmer, $4.16 cash price.
COT Report (Commitment of Traders, chart below):
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