The Dow Jones Industrial Average (DJIA) settled at 34,299.12, +422.34 points for the week.
Crude oil settled at $71.44, +1.09.
The Dollar Index settled at 102.305, -1.25.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,076, +21 points for the week.
Below is corn, soybeans and wheat basis outlook this week.
Corn
July futures at $6.40¼, +36¢ for the week.
December futures at $5.97½, +67¢ 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 21N, 3¢ weaker.
Dayton, Ohio Cargill’s spot basis is 30N, 6¢ weaker, $6.70 cash price.
Iowa Falls Poet’s spot basis is 44N, 6¢ weaker, $6.84 cash price.