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Weekly Basis 12/11/22

The Dow Jones Industrial Average (DJIA) settled at 33,476.46, down 953.42 points for the week.

Crude oil settled at $71.59, down $8.75 for the week.

The Dollar Index settled at 104.93, up 0.42 for the week.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,386, up 62 for the week.

Below is corn, soybeans and wheat basis outlook this week.



March futures at $6.44 down $0.02¼ for the week.


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

US national average basis is 13H, 2 cents firmer.

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