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Weekly Basis 5/28/23

The Dow Jones Industrial Average (DJIA) settled at 33,093.34, -333.29 points for the week.

Crude oil settled at $72.87, +1.20.

The Dollar Index settled at 104.23, +1.04.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,172, -212 points for the week.


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

 

Corn


July futures at $6.04, +49½¢ for the week.

December futures at $5.34½, +34¾¢ for the week.


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

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