DTN Daily Basis Comments
Corn Basis Higher
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn is 1 cent stronger at 13 cents over the December futures contract, while the DTN National Corn Index was down 3 cents at $6.69. The national average basis for soybeans was steady at 23 cents under the January futures contract and the DTN National Soybean Index was down 6 cents at $14.07. The national average basis for hard red winter (HRW) wheat is steady at 39 cents under the December futures contract and the DTN National Hard Red Winter Wheat Index was down 9 cents at $8.86. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 38 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was down 1 cent at $9.08.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.69 | -$0.03 | $0.13 | Dec | $0.002 |
Soybeans: | $14.07 | -$0.06 | -$0.23 | Jan | $0.009 |
SRW Wheat: | $7.42 | -$0.03 | -$0.50 | Dec | $0.050 |
HRW Wheat: | $8.86 | -$0.09 | -$0.39 | Dec | -$0.002 |
HRS Wheat: | $9.08 | -$0.01 | -$0.38 | Dec | $0.008 |
CORN:
The national average corn basis for Tuesday is 13 cents over the December futures, 1 cent stronger than Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is 23 cents under the January futures unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is 50 cents under the December futures, 5 cents stronger than Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is 39 cents under the Kansas City December futures, unchanged from Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is 38 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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