Weekly Basis 6/7/26
- Wright team
- Jun 7
- 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 50,867, -166 points for the week.
Crude oil settled at $90.25, +2.49.
Dollar Index settled at 100.07, +1.13.
Baltic Dry Index (a shipping freight-cost index) settled at 2,981, -243.
Corn
July futures settled at $4.17½, -29¼¢ for the week.
December corn settled at $4.46, -29¢ 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 -35N, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis was 20N, steady, $4.38 cash price.
Iowa Falls Poet’s spot basis was -25N, 3¢ firmer, $3.92 cash price.
COT Report (Commitment of Traders, chart below):
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