Weekly Basis 2/8/26
- Wright team
- Feb 8
- 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 50,116, +1,223 points for the week.
Crude oil settled at $63.5, -2.24.
Dollar Index settled at 97.68, +0.53.
Baltic Dry Index (a shipping freight-cost index) settled at 1,923, -225.
Corn
March futures settled at $4.30¼, +2¢ 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 -32H, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis was 15H, steady, $4.45 cash price.
Iowa Falls Poet’s spot basis was -12H, 3¢ firmer, $4.18 cash price.
COT Report (Commitment of Traders, chart below):
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