It's our weekly grain market prices and US grain basis analysis and outlook on August 13, 2023 for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 35,281.40, +215.78 points for the week.
Crude oil settled at $83.04, +0.40.
The Dollar Index settled at 102.85, +0.84.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,129, -7 points for the week.
Corn
September futures at $4.74½, -9¾¢ for the week.
December futures at $4.87¼, -10¢ for the week.
Basis (U = September; e.g. 10U means 10¢ over Sept futures) (Futures price + Basis = Cash price)
The US national average basis is 39U, steady.
Dayton, Ohio Cargill’s spot basis is 100U, 5¢ firmer, $5.75 cash price.
Iowa Falls Poet’s spot basis is 90U, 5¢ firmer, $5.64 cash price.
COT Report (Commitment of Traders)