DTN Daily Basis Comments
Corn Basis Stronger; Soybean Basis Unchanged
The national average basis for corn was 1 cent stronger at 43 cents under the December futures contract and the DTN National Corn Index was up 1 cent at $3.25. The national average basis for soybeans was unchanged at $1.03 under the November futures contract and the DTN National Soybean Index was up 10 cents at $7.66. The national average basis for HRW wheat was unchanged at 39 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.82. The national average basis for HRS wheat was 1 cent weaker at 58 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was unchanged at $5.33.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | ||
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day | |
Corn: | $3.25 | $0.01 | -$0.43 | Dec | $0.002 | |
Soybeans: | $7.66 | $0.10 | -$1.03 | Nov | $0.002 | |
SRW Wheat: | $4.82 | $0.03 | -$0.39 | Dec | $0.004 | |
HRW Wheat: | $4.85 | $0.02 | -$0.39 | Dec | -$0.001 | |
HRS Wheat: | $5.33 | $0.00 | -$0.58 | Dec | -$0.012 |
The DTN National Corn Index for Friday indicated a national average basis of 43 cents under the Chicago December futures contract, 1 cent stronger from Thursday's basis.
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The DTN National Soybean Index for Friday indicated a national average basis of $1.03 under the Chicago November futures contract, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 39 cents under the Chicago December futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 39 cents under the Kansas City December futures contract, unchanged from Thursday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 58 cents under the Minneapolis December futures contract, 1 cent weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
(BE)
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