DTN Daily Basis Comments
Corn, Soybean Basis Hold Steady Monday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 16 cents under the December futures contract while the DTN National Corn Index was up 4 cents at $4.11. The national average basis for soybeans was also unchanged at 49 cents under the January futures contract while the DTN National Soybean Index was up 10 cents at $11.42. The national average basis for HRW wheat was unchanged at 25 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 1 cent at $5.26. The national average basis for HRS wheat was 1 cent weaker at 22 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was down 2 cents at $5.21.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.11 | $0.04 | -$0.16 | Dec | $0.003 |
Soybeans: | $11.42 | $0.10 | -$0.49 | Jan | -$0.003 |
SRW Wheat: | $5.73 | $0.05 | -$0.25 | Dec | -$0.003 |
HRW Wheat: | $5.26 | $0.01 | -$0.25 | Dec | $0.004 |
HRS Wheat: | $5.21 | -$0.02 | -$0.22 | Dec | -$0.003 |
CORN:
The national average corn basis for Monday is at 16 cents under the December futures, unchanged from Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is at 49 cents under the January futures, unchanged from Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 25 cents under the December futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 25 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 22 cents under the Minneapolis December futures, 1 cent weaker than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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