DTN Daily Basis Comments
Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 2 cents weaker at 13 cents under the December futures contract while the DTN National Corn Index was up 2 cents at $5.17. The national average basis for soybeans was 1 cent stronger at 47 cents under the November futures contract while the DTN National Soybean Index was up 3 cents at $12.37. The national average basis for HRW wheat was 1 cent weaker at 19 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 14 cents at $7.01. The national average basis for HRS wheat was unchanged at 13 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 8 cents at $8.98.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.17 | $0.02 | -$0.13 | Dec | -$0.021 |
Soybeans: | $12.37 | $0.03 | -$0.47 | Nov | $0.011 |
SRW Wheat: | $6.59 | $0.15 | -$0.58 | Dec | $0.034 |
HRW Wheat: | $7.01 | $0.14 | -$0.19 | Dec | -$0.003 |
HRS Wheat: | $8.98 | $0.08 | -$0.13 | Dec | -$0.004 |
CORN:
The national average corn basis for Thursday is 13 cents under the December futures, 2 cents weaker than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 47 cents under the November futures, 1 cent stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 58 cents under the December futures, 4 cents stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 19 cents under the Kansas City December futures, 1 cent weaker than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 13 cents under the Minneapolis December futures, unchanged from Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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