Weekly Basis 2/12/23
Commitments of Traders report for publication date February 3 & 10, 2023, is delayed due to ransomware attack on ION Group, UK. A report will be published somewhat later, we will keep you updated when it resolves.
The Dow Jones Industrial Average (DJIA) settled at 33,869.27, down 56.74 points for the week.
Crude oil settled at $79.76, up $6.53.
The Dollar Index settled at 103.58, up 0.59.
The Baltic Dry Index (a shipping freight-cost index) settled at 602, down 19 for the week.
Below is corn, soybeans and wheat basis outlook this week.
March futures at $6.80½, up 3¢ for the week.
December futures at $5.96, steady.
Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)
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