It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 39,087, -44.15 points for the week.
Crude oil settled at $79.81, +3.24.
The Dollar Index settled at 103.89, -0.07.
The Baltic Dry Index (a shipping freight-cost index) settled at 2,203, +337 for the week.
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Corn
May futures at $4.24¾, +11¼¢ 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 -30K, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis is -15K, 4¢ firmer, $4.1 cash price.
Iowa Falls Poet’s spot basis is even K, 14¢ firmer, $4.25 cash price.
COT Report (Commitment of Traders)