DTN Daily Basis Comments
Soybean Basis Stronger; Corn Steady
The national average basis for corn was unchanged at 40 cents under the December futures contract while the DTN National Corn Index was 2 cents weaker at $3.04. The national average basis for soybeans was 1 cent stronger at 80 cents under the January futures contract while the DTN National Soybean Index was up 3 cents at $9.07. The national average basis for HRW wheat was 1 cent weaker at 60 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was up 3 cents at $3.74. The national average basis for HRS wheat was unchanged at 29 cents under the December future contract and the DTN National Hard Red Spring Wheat Index was unchanged at $6.19.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.04 | $0.02 | -$0.40 | Dec | $0.003 |
Soybeans: | $9.07 | $0.03 | -$0.80 | Jan | $0.008 |
SRW Wheat: | $3.97 | $0.03 | -$0.34 | Dec | $0.001 |
HRW Wheat: | $3.74 | $0.03 | -$0.60 | Dec | -$0.009 |
HRS Wheat: | $6.19 | $0.00 | -$0.29 | Dec | $0.004 |
The DTN National Corn Index for Friday indicated a national average basis of 40 cents under the Chicago December futures contract, unchanged from Thursday's basis.
SOYBEANS:The DTN National Soybean Index for Friday indicated a national average basis of 80 cents under the Chicago January futures contract, 1 cent stronger than Thursday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 34 cents under the Chicago December futures, 1 cent stronger than Thursday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 60 cents under the Kansas City December futures contract, 1 cent weaker than Thursday's basis.
The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 29 cents under the Minneapolis December futures contract, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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