Weekly Basis 9/28/25

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 46,247, -68 points for the week.

Crude oil settled at $65.19, +2.47.

Dollar Index settled at 98.182, +0.53.

Baltic Dry Index (a shipping freight-cost index) settled at 2,259, +56.

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Corn

December futures settled at $4.22, -2¢ for the week.

Basis (Z = December; e.g. 10Z means 10¢ over Dec futures) (Futures price + Basis = Cash price)

• The US national average basis was -42Z, steady.

• Dayton, Ohio Cargill’s spot basis was -25Z, steady, $3.97 cash price.

• Iowa Falls Poet’s spot basis was -35Z, steady, $3.87 cash price.

COT Report (Commitment of Traders, chart below)

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