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Weekly Basis & Rain Days Update 6/19/22

The Dow Jones Industrial Average settled at 29,888.78, down 1,504.01 points for the week.

Crude oil settled at $110.48, down $9.99 for the week.

The dollar index settled at 104.65, up 0.45 for the week.


The Baltic Dry Bulk Index settled at 2,578, up 236 points for the week.


Below is corn, soybeans and wheat basis situation this week.


 

Corn


July corn settled at $7.84½, up 11¼ cents for the week and December corn was up 10½ cents to settle at $7.31.

Dayton, Ohio Cargill is paying $7.85 for corn, 15 over the July futures, which is a 3 cent firmer basis than a week ago. Their fall delivery basis is steady at 30 under the December futures.

Poet at Iowa Falls is paying $8.26 for corn, 42 over the July futures, which is a 2 cent firmer basis for the week. Their fall 2022 delivery basis is steady at 30 under the December futures.

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