top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Weekly Basis 12/10/23

It's our weekly grain market prices and US grain basis analysis and outlook on December 10, 2023 for corn, soybeans and wheat.


The Dow Jones Industrial Average (DJIA) settled at 36247.87, +2.37 points for the week.

Crude oil settled at $71.26, -3.12.

The Dollar Index settled at 103.98, +0.79.

The Baltic Dry Index (a shipping freight-cost index) settled at 2483, -709 points for the week.

 

Corn


March futures at $4.85½, +¾¢ for the week.


Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)

  • The US national average basis is -35H, 5¢ firmer.

  • Dayton, Ohio Cargill’s spot basis is -35H, 5¢ firmer, $4.51 cash price.

  • Iowa Falls Poet’s spot basis is even to March, 5¢ weaker, $4.85 cash price.


COT Report (Commitment of Traders)

The CFTC’s Commitment of Traders Report (COT) is issued every Friday afternoon. It reports open interest as of the close of business the previous Tuesday. Open Interest is the number of contracts on the books. You can find our explanation of Open Interest and Funds trades here: www.wrightonthemarket.com/post/open-interest-of-specs

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page