Weekly Basis 7/20/25

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 44,342, -30 points for the week.

Crude oil settled at $67.3, -1.45.

Dollar Index settled at 98.46, +0.59.

Baltic Dry Index (a shipping freight-cost index) settled at 2,052, +389.

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Corn

September futures settled at $4.08½, +12½¢ for the week.

December futures settled at $4.27¾, +15½¢ for the week.

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

• The US national average basis was -12U, 1¢ firmer.

• Dayton, Ohio Cargill’s spot basis was 55U, steady, $4.64 cash price. 

• Iowa Falls Poet’s spot basis was 5U, 3¢ weaker, $4.13 cash price.

COT Report (Commitment of Traders, chart below)

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