Weekly Basis 6/8/25
- Wright team
- Jun 8
- 4 min read
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,763, +493 points for the week.
Crude oil settled at $64.77, +4.01.
Dollar Index settled at 99.2, -0.24.
Baltic Dry Index (a shipping freight-cost index) settled at 1,633, +215 for the week.
Corn
July futures at $4.42½, -1½¢ for the week.
December futures at $4.49¼, +10¾¢ 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 -23N, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is 40N, 10¢ firmer, $4.83 cash price.
Iowa Falls Poet’s spot basis is -3N, steady, $4.39 cash price.
COT Report (Commitment of Traders, chart below)
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