DTN Daily Basis Comments
Soybean Basis Stronger; Corn Basis Weaker
The national average basis for corn was 1 cent weaker at 39 cents under the December futures contract while the DTN National Corn Index was up 3 cents at $3.28. The national average basis for soybeans was 4 cents stronger at $1.03 cents under the January futures contract and the DTN National Soybean Index was up 34 cents at $7.79. The national average basis for HRW wheat was 2 cents weaker at 35 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $4.66. The national average basis for HRS wheat was 2 cents stronger at 48 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was up 9 cents at $5.29.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.28 | $0.03 | -$0.39 | Dec | -$0.004 |
Soybeans: | $7.79 | $0.34 | -$1.03 | Jan | $0.042 |
SRW Wheat: | $4.75 | $0.06 | -$0.33 | Dec | -$0.017 |
HRW Wheat: | $4.66 | $0.05 | -$0.35 | Dec | -$0.026 |
HRS Wheat: | $5.29 | $0.09 | -$0.48 | Dec | $0.020 |
The DTN National Corn Index for Thursday indicated a national average basis of 39 cents under the Chicago December futures contract, 1 cent weaker than Wednesday's basis.
SOYBEANS:The DTN National Soybean Index for Thursday indicated a national average basis of $1.03 under the Chicago November futures contract, 4 cents stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Thursday indicated a national average basis of 33 cents under the Chicago January futures, 1 cent weaker than Wednesday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Thursday indicated a national average basis of 35 cents under the Kansas City December futures contract, 2 cents weaker than Wednesday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Thursday indicated a national average basis of 48 cents under the Minneapolis December futures contract, 2 cents stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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