Weekly Basis 6/29/25

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 43,819, +1,612 points for the week.

Crude oil settled at $65.07, -8.97.

Dollar Index settled at 97.25, -1.52.

Baltic Dry Index (a shipping freight-cost index) settled at 1,521, -168.

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Corn

July futures settled at $4.17½, -11¼¢ for the week.

December futures settled at $4.27, -14¼¢ 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 -15U, 1¢ firmer.

• Dayton, OH Cargill’s spot basis was 35N, 5¢ weaker, $4.53 cash price.

• Iowa Falls Poet’s spot basis was -1N, 3¢ weaker, $4.16 cash price.

COT Report (Commitment of Traders, chart below)

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