DTN Daily Basis Comments
Corn Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 25 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $3.60. The national average basis for soybeans was unchanged at 55 cents under the November futures contract while the DTN National Soybean Index was up 23 cents at $9.89. The national average basis for HRW wheat was unchanged at 26 under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 10 cents at $5.08. The national average basis for HRS wheat was 1 cent stronger at 30 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $5.08.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.60 | $0.06 | -$0.25 | Dec | $0.002 |
Soybeans: | $9.89 | $0.23 | -$0.55 | Nov | $0.004 |
SRW Wheat: | $5.65 | $0.11 | -$0.28 | Dec | $0.022 |
HRW Wheat: | $5.08 | $0.10 | -$0.26 | Dec | -$0.003 |
HRS Wheat: | $5.08 | $0.03 | -$0.30 | Dec | $0.005 |
CORN:
The national average corn basis for Tuesday is at 25 cents under the December futures, 1 cent stronger than Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 55 cents under the November futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 28 cents under the December futures, 2 cents stronger than Monday's basis.
HARD RED WINTER WHEAT
The national average HRW wheat basis for Tuesday is at 26 cents under the Kansas City December futures, 1 cent weaker than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 30 cents under the Minneapolis December futures, 1 cent stronger than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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