Weekly Basis 5/4/25
- Wright team
- May 4
- 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 41,317, +1,204 points for the week.
Crude oil settled at $58.38, -4.79.
Dollar Index settled at 100.04, +0.45.
Baltic Dry Index (a shipping freight-cost index) settled at 1,421, +48 for the week.
Corn
July futures at $4.69, -16½¢ for the week.
December futures at $4.50¼, -5½¢ 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 -30N, 4¢ firmer.
Dayton, Ohio Cargill’s spot basis is 15N, 8¢ firmer, $4.84 cash price.
Iowa Falls Poet’s spot basis is -10N, 1¢ firmer, $4.59 cash price.
COT Report (Commitment of Traders, chart below)
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