Weekly Basis 12/17/23
- Wright team
- Dec 17, 2023
- 3 min read
It's our weekly grain market prices and US grain basis analysis and outlook on December 17, 2023 for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 37305.16, +1,057.29 points for the week.
Crude oil settled at $71.79, +0.53.
The Dollar Index settled at 102.59, -1.39.
The Baltic Dry Index (a shipping freight-cost index) settled at 2348, -135 points for the week.
Corn
March futures at $4.83, -2½¢ 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 -32H, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis is -30H, 5¢ firmer, $4.53 cash price.
Iowa Falls Poet’s spot basis is 5H, 5¢ firmer, $4.88 cash price.
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