Weekly Basis 11/9/25
- Wright team
- 5 minutes ago
- 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 46,987, -576 points for the week.
Crude oil settled at $59.84, -1.04.
Dollar Index settled at 99.56, -0.16.
Baltic Dry Index (a shipping freight-cost index) settled at 2,104, +138.
Corn
December futures settled at $4.27¼, -4¼¢ 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 -38Z, 1¢ weaker.
Dayton, Ohio Cargill’s spot basis was even Z, steady, $4.27 cash price.
Iowa Falls Poet’s spot basis was -20Z, 5¢ firmer, $4.07 cash price.
Crush Margin
Corn Ethanol Crush Margin was $2.63, $2.62 a week ago and $2.00 a year ago.
The price of corn subtracted from the value of processed products = ethanol crush margin.
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