Weekly Basis 6/14/26
- Wright team
- 17 hours ago
- 5 min read
It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments.
The Dow Jones Index settled on Friday at 51,202, +335 points for the week.
Crude oil settled at $84.29, -5.96.
Dollar Index settled at 99.81, -0.26.
Baltic Dry Index (a shipping freight-cost index) settled at 2,818, -163.
Corn
July futures settled at $4.12¾, -4¾¢ for the week.
December corn settled at $4.40¼, -5¾¢ for the week.
Basis (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis = Cash price)
The US national average basis was -32N, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis was 20N, steady, $4.33 cash price.
Iowa Falls Poet’s spot basis was -20N, 5¢ firmer, $3.92 cash price.
COT Report (Commitment of Traders, chart below):
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