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Weekly Basis 5/17/26

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 49,526, -83 points for the week.

Crude oil settled at $105.66, +10.98.

Dollar Index settled at 99.27, +1.43.

Baltic Dry Index (a shipping freight-cost index) settled at 3,151, +173.



Corn


July futures settled at $4.55¾, -15½¢ for the week.

December corn settled at $4.81, -12½¢ 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 -40N, 1¢ firmer.

  • Dayton, Ohio Cargill’s spot basis was 20N, steady, $4.76 cash price.

  • Iowa Falls Poet’s spot basis was -30N, 2¢ firmer, $4.25 cash price.


COT Report (Commitment of Traders, chart below):

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