top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Weekly Basis 5/14/23

The Dow Jones Industrial Average (DJIA) settled at 33,300.62, -373.76 points for the week.

Crude oil settled at $70.09, -1.23.

The Dollar Index settled at 102.70, +1.42.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, steady for the week.


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

 

Corn


July futures at $5.86¼, -10¼¢ for the week.

December futures at $5.08¾, -26¢ for the week.


Basis (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis = Cash price)

The US national average basis is 36N, steady.

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page