Weekly Basis 3/22/26
- Wright team
- 2 days 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.
The Dow Jones Index settled on Friday at 45,577, -981 points for the week.
Crude oil settled at $98.09, -1.22.
Dollar Index settled at 99.5, -1.00.
Baltic Dry Index (a shipping freight-cost index) settled at 2,056, +28.
Corn
May futures settled at $4.65½, -1¾¢ for the week.
December corn settled at $4.90¾, -¾¢ 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, steady.
Dayton, Ohio Cargill’s spot basis was 10K, steady, $4.76 cash price.
Iowa Falls Poet’s spot basis was -23K, 7¢ firmer, $4.42 cash price.
COT Report (Commitment of Traders, chart below):
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