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Weekly Basis 6/10/22

The Dow Jones Industrial Average settled at 31,392.79, down 1,506.91 points for the week.

Crude oil settled at $120.47, up 16 cents for the week.

The dollar index settled at 104.20, up 2.04 for the week.


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


 

Corn


July corn settled at $7.73¼, up 46¼ cents for the week and December corn was up 30½ cents to settle at $7.20½.

Dayton, Ohio Cargill is paying $7.85 for corn, 12 over the July futures, which is a 2 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 $8.13 for corn, 40 over the July futures, which is a 13 cent firmer basis for the week. Their fall 2022 delivery basis is steady at 30 under the December futures.

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