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Weekly Basis 7/12/26

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 52,637, -263 points for the week.

Crude oil settled at $71.51, +2.73.

Dollar Index settled at 100.96, +0.08.

Baltic Dry Index (a shipping freight-cost index) settled at 2,944, +227.



Corn


September futures settled at $4.39½, +16½¢ for the week.

December corn settled at $4.61, +19½¢ for the week.


Basis (U = September, Z = Dec; e.g. 10U means 10¢ over Sept futures) (Futures price + Basis = Cash price)

  • The US national average basis was -29U, 1¢ weaker.

  • Dayton, Ohio Cargill’s spot basis was 30U, 5¢ firmer, $4.70 cash price. New crop was -20Z, steady.

  • Iowa Falls Poet’s spot basis was -18U, 3¢ weaker, $4.21 cash price. New crop was -35Z, steady.


COT Report (Commitment of Traders, chart below):

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