Weekly Basis 5/10/26
- Wright team
- 2 days ago
- 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 49,609, +110 points for the week.
Crude oil settled at $94.68, -7.82.
Dollar Index settled at 97.84, -0.37.
Baltic Dry Index (a shipping freight-cost index) settled at 2,978, +248.
Corn
July futures settled at $4.71¼, -9¢ for the week.
December corn settled at $4.93½, -5¼¢ for the week.
Basis (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis = Cash price)
The US national average basis was -41N, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis was 20N, steady, $4.91 cash price.
Iowa Falls Poet’s spot basis was -32N, 1¢ firmer, $4.39 cash price.
COT Report (Commitment of Traders, chart below):
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