It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average (DJIA) settled at 39,737, -852.08 points for the week.
Crude oil settled at $74.14, -2.30.
Dollar Index settled at 103.22, -1.11.
Baltic Dry Index (a shipping freight-cost index) settled at 1,675, -133 for the week.
Corn
September futures at $3.86½, -8¢ for the week.
Basis (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price + Basis = Cash price)
The US national average basis is -10U, 2¢ weaker.
Dayton, Ohio Cargill’s spot basis is -12U, 3¢ firmer, $3.75 cash price.
Iowa Falls Poet’s spot basis is 25U, 5¢ weaker, $4.11 cash price.
COT Report (Commitment of Traders, chart below)
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