DTN Daily Basis Comments
Corn, Soybean Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 17 cents under the December futures contract while the DTN National Corn Index was down 2 cents at $5.14. The national average basis for soybeans was unchanged at 46 cents under the November futures contract while the DTN National Soybean Index was up 6 cents at $11.82. The national average basis for HRW wheat was 3 cents weaker at 20 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 3 cents at $7.28. The national average basis for HRS wheat was 5 cents weaker at 22 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 1 cent at $9.52.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.14 | -$0.02 | -$0.17 | Dec | $0.003 |
Soybeans: | $11.82 | $0.06 | -$0.46 | Nov | -$0.004 |
SRW Wheat: | $6.85 | $0.00 | -$0.51 | Dec | $0.005 |
HRW Wheat: | $7.28 | -$0.03 | -$0.20 | Dec | -$0.025 |
HRS Wheat: | $9.52 | $0.01 | -$0.22 | Dec | -$0.053 |
CORN:
The national average corn basis for Tuesday is 17 cents under the December futures, unchanged from Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 46 cents under the November futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT
The national average SRW wheat basis for Tuesday is at 51 cents under the December futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 20 cents under the Kansas City December futures, 3 cents weaker than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 17 cents under the Minneapolis December futures, 5 cents weaker than Monday's basis
Mary Kennedy can be reached at mary.kennedy@dtn.com
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