Weekly Basis 3/29/26
- Wright team
- 18 hours 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 45,167, -411 points for the week.
Crude oil settled at $99.64, +1.55.
Dollar Index settled at 100.19, +0.69.
Baltic Dry Index (a shipping freight-cost index) settled at 2,031, -25.
Corn
May futures settled at $4.62, -3½¢ for the week.
December corn settled at $4.90¼, -½¢ 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, $4.72 cash price.
Iowa Falls Poet’s spot basis was -23K, steady, $4.39 cash price.
COT Report (Commitment of Traders, chart below):
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