Weekly Basis 9/13/26
It's our weekly U.S. grain market analysis and outlook for corn, soybeans and wheat, including traders positioning, basis bids tracking, crush margins, weekly news wrap-up and comments.
The Dow Jones Index settled on Friday at 52,573, -841 points for the week.
Crude oil settled at $99.99, +8.77.
Dollar Index settled at 99.09, -0.07.
Baltic Dry Index (a shipping freight-cost index) settled at 3,507, -121.
Corn
December futures settled at $5.30¼, -6½¢ for the week.
Basis (Z = Dec; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cash price)
The US national average basis was -44Z, steady.
Dayton, Ohio Cargill’s spot basis was 10Z, 10¢ weaker, $5.40 cash price. New crop was -20, steady.
Iowa Falls Poet’s spot basis was -25Z, 10¢ firmer, $5.05 cash price. New crop was -35, steady.
COT Report (Commitment of Traders, chart below):
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.
