The Dow Jones Industrial Average settled at 32,899.37, down 77.84 points for the week.
Crude oil settled at $110.62, up $6.21 for the week.
The dollar index settled at 103.66, up 0.49 for the week.
Below is corn, soybeans and wheat basis situation this week.
July corn settled at $7.84¾, down 28¾ cents for the week.
Dayton, Ohio Cargill is paying $7.85 for corn, even with July futures, which is a 10 cent firmer basis than a week ago. Their fall delivery basis is steady at 30 under the December futures.
Poet at Iowa Falls is paying $7.90 for corn, 5 over the July futures, which is a 5 cent firmer basis than a week ago. Their fall 2022 delivery basis is steady at 30 under the December futures.
The CFTC’s Commitment of Traders Report (COT) is issued every Friday afternoon. It reports open interest as of the close of business the previous Tuesday.
The big spec funds added 4,589 contracts to their corn position to bring them net long 276,831 contracts of corn. The index funds cut 3,469 contracts from their position to leave them net long 482,184 contracts of corn.