Weekly Basis 7/8/25
- Wright team
- Jul 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 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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