Weekly Basis 4/27/25
- Wright team
- Apr 27
- 5 min read
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 40,114, +971 points for the week.
Crude oil settled at $63.17, -1.28.
Dollar Index settled at 99.59, +0.36.
Baltic Dry Index (a shipping freight-cost index) settled at 1,373, +112 for the week.
Corn
May futures at $4.78¾, -3½¢ for the week.
December futures at $4.55¾, -10¼¢ for the week.
Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)
The US national average basis is -26K, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is 15K, steady, $4.94 cash price.
Iowa Falls Poet’s spot basis is -10N, steady, $4.75 cash price.
COT Report (Commitment of Traders, chart below)
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