Weekly Basis 4/26/26
- Wright team
- Apr 26
- 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 49,231, -217 points for the week.
Crude oil settled at $94.88, +9.31.
Dollar Index settled at 98.51, +0.28.
Baltic Dry Index (a shipping freight-cost index) settled at 2,665, +98.
Corn
May futures settled at $4.55, +6¼¢ for the week.
December corn settled at $4.84¼, +7¼¢ 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 -35K, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis was 30K, 15¢ firmer, $4.85 cash price.
Iowa Falls Poet’s spot basis was -20K, steady, $4.35 cash price.
COT Report (Commitment of Traders, chart below):
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