Weekly Basis 6/1/25

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.

Dow Jones Industrial Average Index settled at 42,270, +667 points for the week.

Crude oil settled at $60.76, -1.00.

Dollar Index settled at 99.44, +0.34.

Baltic Dry Index (a shipping freight-cost index) settled at 1,418, +78 for the week.

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Corn

July futures at $4.44, -15½¢ for the week.

December futures at $4.38½, -12¼¢ 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 -24N, 1¢ firmer.

• Dayton, Ohio Cargill’s spot basis is 30N, steady, $4.74 cash price.

• Iowa Falls Poet’s spot basis is -3N, steady, $4.41 cash price.

COT Report (Commitment of Traders, chart below)

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