Weekly Basis 12/25/22
The Dow Jones Industrial Average (DJIA) settled at 33,203.93, up 283.47 points for the week.
Crude oil settled at $79.35, up $4.85 for the week.
The Dollar Index settled at 104.33, down 0.51 for the week.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,515, down 45 for the week.
Below is corn, soybeans and wheat basis outlook this week.
March futures at $6.66¼ up $0.13¼ for the week.
(H = March; e.g. 10H means 10 over March) (Futures price + Basis = Cash price)
US national average basis is 13H, 1 cent weaker for the week.
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