It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 44,303, -241.26 points for the week.
Crude oil settled at $71.06, -2.75.
Dollar Index settled at 108.1, -0.40.
Baltic Dry Index (a shipping freight-cost index) settled at 815, +80 for the week.
Corn
March futures at $4.96¼, +8¾¢ for the week.
December futures at $4.73, +7¢ 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, steady.
Dayton, Ohio Cargill’s spot basis is 5H, steady, $5.01 cash price.
Iowa Falls Poet’s spot basis is -10H, 5¢ firmer, $4.86 cash price.
COT Report (Commitment of Traders, chart below)
Commercial Traders change is +27,199 to 616,578 net short (sold 135.995 mil. bu. more of physical grain than bought).
Big Spec Funds change is -31,828 to 332,389 net long.
Open Interest change is -16,388 to 2,602,485.