DTN Daily Basis Comments
Soybean, Corn Basis Weaker, HRS Wheat Basis Stronger
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.07 | $0.12 | -$0.43 | Dec | -$0.007 |
Soybeans: | $8.87 | $0.10 | -$0.69 | Nov | -$0.010 |
SRW Wheat: | $3.68 | $0.21 | -$0.48 | Dec | $0.015 |
HRW Wheat: | $3.02 | $0.16 | -$1.12 | Dec | $0.007 |
HRS Wheat: | $4.80 | $0.11 | -$0.52 | Dec | $0.009 |
The DTN National Corn Index for Thursday indicates a national average basis of 43 cents under the Chicago December futures contract, 1 cent weaker than Wednesday's basis.
SOYBEAN:The DTN National Soybean Index for Thursday indicates a national average basis of 69 cents under the Chicago November futures contract, 1 cent weaker than Wednesday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Thursday indicates a national average basis of 48 cents under the Chicago December futures, 1 cent stronger than Wednesday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Thursday indicates a national average basis of $1.12 under the Kansas City December futures contract, unchanged from Wednesday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Thursday indicates a national average basis of 52 cents under the Minneapolis December futures contract, 1 cent 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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