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Weekly Basis 3/26/23

The Dow Jones Industrial Average (DJIA) settled at 32,237.53, +375.55 points for the week.

Crude oil settled at $69.20, +2.86.

The Dollar Index settled at 103.11, -0.75.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,484, -51 for the week.

Below is corn, soybeans and wheat basis outlook this week.



May futures at $6.43, +8¾¢ for the week.

December futures at $5.60¼, -1¢ for the week.

Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)

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