It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 41,394, +1,048.37 points for the week.
Crude oil settled at $69.24, +1.08.
Dollar Index settled at 101.11, -0.08.
Baltic Dry Index (a shipping freight-cost index) settled at 1,890, -51 for the week.
Corn
December futures at $4.13¼, +7¢ for the week.
Basis (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash price)
The US national average basis is -30U, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is -45Z, steady, $3.68 cash price.
Iowa Falls Poet’s spot basis is 15Z, 5¢ weaker, $4.28 cash price.
COT Report (Commitment of Traders, chart below)
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