Weekly Basis 6/24/25

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

Dow Jones Industrial Average Index settled on Friday at 42,207, +9 points for the week.

Crude oil settled at $74.04, +0.86. It traded as low as $66.60 on Monday and closed at $68.51.

Dollar Index settled at 98.77, +0.63.

Baltic Dry Index (a shipping freight-cost index) settled at 1,689, -279.

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Corn

July futures settled at $4.28¾, -15¾¢ for the week. Then -11¢ on Monday.

December futures settled at $4.41¼, -1¾¢ 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 -22N, steady.

• Dayton, Ohio Cargill’s spot basis was 40N, steady, $4.69 cash price.

• Iowa Falls Poet’s spot basis was 2N, 5¢ firmer, $4.30 cash price.

COT Report (Commitment of Traders, chart below)

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