DTN Daily Basis Comments
Hard Red Spring Wheat Basis Continues to Strengthen Wednesday
The national average basis for corn was unchanged at 16 cents under the December futures contract and the DTN National Corn Index was also unchanged at $3.59. The national average basis for soybeans was steady at 82 cents under the November futures contract while the DTN National Soybean Index was down 5 cents at $8.07. The national average basis for HRW wheat was unchanged at 26 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 1 cent at $3.78. The national average basis for HRS wheat was 2 cents stronger at 47 cents under the December futures contract, and the DTN National Hard Red Spring Wheat Index was up 12 cents at $5.07.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.59 | $0.00 | -$0.16 | Dec | $0.000 |
Soybeans: | $8.07 | -$0.05 | -$0.82 | Nov | $0.003 |
SRW Wheat: | $4.62 | -$0.04 | -$0.16 | Dec | $0.006 |
HRW Wheat: | $3.78 | -$0.01 | -$0.26 | Dec | -$0.001 |
HRS Wheat: | $5.07 | $0.12 | -$0.47 | Dec | $0.021 |
The DTN national average corn basis for Wednesday is at 16 cents under the December futures, unchanged from Tuesday's basis.
SOYBEANS:The DTN national average soybean basis for Wednesday is at 82 cents under the November futures, unchanged from Tuesday's basis.
SOFT RED WINTER WHEAT:The DTN national average SRW wheat basis for Wednesday is at 16 cents under the Chicago December futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:The DTN national average HRW wheat basis for Wednesday is at 26 cents under the Kansas City December futures, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:The DTN national average HRS wheat basis for Wednesday is at 47 cents under the Minneapolis December futures, 2 cents stronger than Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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