DTN Daily Basis Comments
Corn Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 21 cents under the December futures contract while the DTN National Corn Index was down 1 cent at $3.97. The national average basis for soybeans was 1 cent stronger at 52 cents under the November futures contract while the DTN National Soybean Index was up 4 cents at $10.35. 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 17 cents at $5.26. The national average basis for HRS wheat was unchanged at 30 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 12 cents at $5.35.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.97 | -$0.01 | -$0.21 | Dec | $0.009 |
Soybeans: | $10.35 | $0.04 | -$0.52 | Nov | $0.002 |
SRW Wheat: | $5.91 | -$0.11 | -$0.29 | Dec | $0.015 |
HRW Wheat: | $5.26 | -$0.17 | -$0.26 | Dec | $0.009 |
HRS Wheat: | $5.35 | -$0.12 | -$0.30 | Dec | $0.002 |
CORN:
The national average corn basis for Monday is at 21 cents under the December futures, 1 cent stronger than Friday's basis
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SOYBEANS:
The national average soybean basis for Monday is at 52 cents under the November futures, 1 cent stronger than Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 29 cents under the December futures, 2 cents stronger than Friday's basis.
HARD RED WINTER WHEAT
The national average HRW wheat basis for Monday is at 26 cents under the Kansas City December futures, unchanged from Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday is at 30 cents under the Minneapolis December futures, unchanged from Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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