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Weekly Basis 4/9/23

The Dow Jones Industrial Average (DJIA) settled at 33,485.29, +210.14 points for the week.

Crude oil settled at $80.46, +4.76.

The Dollar Index settled at 102.09, -0.50.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,560, +171 for the week.

Below is corn, soybeans and wheat basis outlook this week.



May futures at $6.43½, -17¢ for the week.

December futures at $5.56¾, -9¾¢ 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 12K, 2¢ firmer.

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