It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 39,476, +761.13 points for the week.
Crude oil settled at $80.82, -0.18.
The Dollar Index settled at 104.43, +0.98.
The Baltic Dry Index (a shipping freight-cost index) settled at 2,196, -178 for the week.
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Corn
May futures at $4.39¼, +2½¢ for the week.
Basis (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)
The US national average basis is -26K, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is -15K, steady, $4.24 cash price.
Iowa Falls Poet’s spot basis is 8K, 3¢ firmer, $4.47 cash price.
COT Report (Commitment of Traders)