DTN Daily Basis Comments
Corn, All Wheat Basis Moved to December
The national average basis for corn was 1 cent stronger at 17 cents under the December futures contract and the DTN National Corn Index was down 1 cent at $3.53. The national average basis for soybeans was unchanged at 83 cents under the November futures contract while the DTN National Soybean Index was up 1 cent at $7.86. The national average basis for HRW wheat was unchanged at 35 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $3.62. The national average basis for HRS wheat was 3 cents stronger at 63 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was down 1 cent at $4.33.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.53 | -$0.01 | -$0.17 | Dec | $0.009 |
Soybeans: | $7.86 | $0.01 | -$0.83 | Nov | $0.002 |
SRW Wheat: | $4.40 | -$0.14 | -$0.22 | Dec | -$0.041 |
HRW Wheat: | $3.62 | -$0.04 | -$0.35 | Dec | $0.001 |
HRS Wheat: | $4.33 | -$0.01 | -$0.63 | Dec | $0.033 |
The DTN National Corn Index for Friday indicated a national average basis of 17 cents under the Chicago December futures contract, 1 cent stronger than Thursday's basis.
SOYBEANS:The DTN National Soybean Index for Friday indicated a national average basis of 83 cents under the Chicago November futures contract, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Friday indicated a national average basis of 22 cents under the Chicago December futures, 4 cents weaker than Thursday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Friday indicated a national average basis of 35 cents under the Kansas City December futures contract, unchanged from Thursday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Friday indicated a national average basis of 63 cents under the Minneapolis December futures contract, 3 cents stronger than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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