Weekly Basis 5/18/25
- Wright team
- May 18
- 4 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 42,655, +1,405 points for the week.
Crude oil settled at $62.49, +1.43.
Dollar Index settled at 100.98, +0.56.
Baltic Dry Index (a shipping freight-cost index) settled at 1,388, +89 for the week.
Corn
July futures at $4.43½, -6¼¢ for the week.
December futures at $4.35½, -6½¢ 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 -27N, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is 25N, 10¢ firmer, $4.69 cash price.
Iowa Falls Poet’s spot basis is -5N, 5¢ firmer, $4.38 cash price.
COT Report (Commitment of Traders, chart below)
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