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Weekly Basis 12/3/23

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.



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)

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