Weekly Basis 8/3/25

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 43,589, -1,313 points for the week.

Crude oil settled at $67.26, +2.19.

Dollar Index settled at 98.69, +1.02.

Baltic Dry Index (a shipping freight-cost index) settled at 2,018, -239.

---

Corn

September futures settled at $3.89½, -10¢ for the week.

December futures settled at $4.10¾, -8¼¢ 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 -15U, steady.

• Dayton, Ohio Cargill’s spot basis was 35U, 5¢ weaker, $4.25 cash price.

• Iowa Falls Poet’s spot basis was -5U, 2¢ weaker, $3.84 cash price.

COT Report (Commitment of Traders, chart below)

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Subscribe Now