DTN Daily Basis Comments
Corn, Soybean Basis Unchanged
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 30 cents under the December futures contract while the DTN National Corn Index was down 1 cent at $3.31. The national average basis for soybeans was unchanged at 55 cents under the November futures contract while the DTN National Soybean Index was up 5 cents at $9.24. The national average basis for HRW wheat was unchanged at 27 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.44. The national average basis for HRS wheat was unchanged at 37 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $4.99.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.31 | -$0.01 | -$0.30 | Dec | $0.008 |
Soybeans: | $9.24 | $0.05 | -$0.55 | Nov | -$0.002 |
SRW Wheat: | $5.12 | $0.00 | -$0.32 | Dec | $0.004 |
HRW Wheat: | $4.44 | $0.02 | -$0.27 | Dec | $0.005 |
HRS Wheat: | $4.99 | -$0.01 | -$0.37 | Dec | $0.002 |
CORN:
The national average corn basis for Wednesday is at 30 cents under the December futures, unchanged from Tuesday's basis.
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SOYBEANS:
The national average soybean basis for Wednesday is at 55 cents under the November futures, unchanged from Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 32 cents under the December futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 27 cents under the Kansas City December futures, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 37 cents under the Minneapolis December futures, unchanged from Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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