It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 43,841, +412.89 points for the week.
Crude oil settled at $69.95, -0.30.
Dollar Index settled at 107.56, +0.92.
Baltic Dry Index (a shipping freight-cost index) settled at 1,229, +248 for the week.
Corn
May futures at $4.69½, -35½¢ for the week.
December futures at $4.55, -20¢ for the week.
Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)
The US national average basis is -44K, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis is -11K, steady, $4.59 cash price.
Iowa Falls Poet’s spot basis is -17K, 9¢ firmer, $4.52 cash price.
COT Report (Commitment of Traders, chart below)