Weekly Basis 7/26/26
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 51,947, -199 points for the week.
Crude oil settled at $90.47, +8.00.
Dollar Index settled at 101.46, +0.71.
Baltic Dry Index (a shipping freight-cost index) settled at 2,743, -9.
Corn
September futures settled at $4.64¼, +19½¢ for the week.
December corn settled at $4.87½, +20¢ for the week.
Basis (U = Sept, Z = Dec; e.g. 10U means 10¢ over Sept futures) (Futures price + Basis = Cash price)
The US national average basis was -29U, steady.
Dayton, Ohio Cargill’s spot basis was 25U, steady, $4.89 cash price. New crop was -20Z, steady.
Iowa Falls Poet’s spot basis was -25U, 5¢ weaker, $4.39 cash price. New crop was -35Z, steady.
COT Report (Commitment of Traders, chart below):
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