Weekly Basis 3/1/26
- Wright team
- Mar 1
- 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 48,978, -648 points for the week.
Crude oil settled at $67.29, +0.98.
Dollar Index settled at 97.65, -0.14.
Baltic Dry Index (a shipping freight-cost index) settled at 22,140, +97.
Corn
May futures settled at $4.48½, +8¾¢ for the week.
Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)
The US national average basis was -41K, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis was 10K, 5¢ weaker, $4.59 cash price.
Iowa Falls Poet’s spot basis was -25K, steady, $4.23 cash price.
COT Report (Commitment of Traders, chart below):
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