It's our weekly grain market prices and US grain basis analysis and outlook on December 3, 2023 for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 36245.5, +855.35 points for the week.
Crude oil settled at $74.38, -0.80.
The Dollar Index settled at 103.19, -0.23.
The Baltic Dry Index (a shipping freight-cost index) settled at 3192, +1,090 points for the week.
Corn
December futures at $4.84¾, +2¼¢ 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 -40H, 5¢ firmer.
Dayton, Ohio Cargill’s spot basis is -40H, 30¢ firmer, $4.45 cash price.
Iowa Falls Poet’s spot basis is 5H, steady, $4.89 cash price.
COT Report (Commitment of Traders)