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Weekly Basis 7/8/25

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 44,829, +1,009 points for the week.

Crude oil settled at $66.5, +1.43.

Dollar Index settled at 96.99, -0.26.

Baltic Dry Index (a shipping freight-cost index) settled at 1,436, -85.


Corn


September futures settled at $4.20¼, +8¾¢ for the week. Then -17¢ on Monday

December futures settled at $4.32¾, +5¾¢ 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 -14U, 1¢ firmer.

  • Dayton, Ohio Cargill’s spot basis was 40U, 1¢ weaker, $4.60 cash price.

  • Iowa Falls Poet’s spot basis was 5U, steady, $4.25 cash price.


COT Report (Commitment of Traders, chart below)

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