Weekly Basis 6/23/26
- Wright team
- 2 days 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 51,565, +362 points for the week, then 51,712 on Monday.
Crude oil settled at $77.54, -6.75, then to $74.82 on Monday.
Dollar Index settled at 100.76, +0.95, then to 101.02 on Monday.
Baltic Dry Index (a shipping freight-cost index) settled at 2,722, -96.
Corn
July futures settled at $4.12¾ on Friday, -4¾¢ for the week, $4.11½ on Monday.
December corn settled at $4.40¼ on Friday, -5¾¢ for the week, $4.39½ on Monday.
Basis (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis = Cash price)
The US national average basis was -30N, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis was 20N, steady, $4.38 cash price.
Iowa Falls Poet’s spot basis was -20N, steady, $3.97 cash price.
COT Report (Commitment of Traders, chart below):
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