Weekly Basis 9/7/25

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 45,401, -144 points for the week.

Crude oil settled at $61.97, -2.04.

Dollar Index settled at 97.736, -0.12.

Baltic Dry Index (a shipping freight-cost index) settled at 1,979, -46.

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Corn

December futures settled at $4.18, -2¼¢ 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 -15Z, 3¢ weaker, $4.03 cash price.

• Iowa Falls Poet’s spot basis was -33Z, 3¢ weaker, $3.85 cash price.

COT Report (Commitment of Traders, chart below)

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