Weekly Basis 2/22/26
- Wright team
- 1 day ago
- 5 min read
It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments.
Dow Jones Industrial Average Index settled on Friday at 49,626, +125 points for the week.
Crude oil settled at $66.31, +3.50.
Dollar Index settled at 97.79, +0.91.
Baltic Dry Index (a shipping freight-cost index) settled at 2,043, -40.
Corn
March futures settled at $4.27½, -4¼¢ for the week.
Basis (H = March; e.g. 10H means 10¢ over Mar futures) (Futures price + Basis = Cash price)
The US national average basis was -33H, steady.
Dayton, Ohio Cargill’s spot basis was 25H, 10¢ firmer, $4.53 cash price.
Iowa Falls Poet’s spot basis was -15H, steady, $4.12 cash price.
COT Report (Commitment of Traders, chart below):
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