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Weekly Basis 3/8/26

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.


Dow Jones Industrial Average Index settled on Friday at 47,502, -1,476 points for the week.

Crude oil settled at $91.27, +23.98.

Dollar Index settled at 98.85, +1.20.

Baltic Dry Index (a shipping freight-cost index) settled at 2,010, -130.


Corn


May futures settled at $4.60½, +12¢ 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 -39K, 2¢ firmer.

  • Dayton, Ohio Cargill’s spot basis was 15K, 5¢ firmer, $4.76 cash price.

  • Iowa Falls Poet’s spot basis was -30K, 5¢ weaker, $4.30 cash price.


COT Report (Commitment of Traders, chart below):

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