DTN Daily Basis Comments
Corn, Soybean Basis Steady
The national average basis for corn was unchanged at 17 cents under the December futures contract and the DTN National Corn Index was down 8 cents at $3.44. The national average basis for soybeans was unchanged at 83 cents under the November futures contract while the DTN National Soybean Index was down 1 cent at $7.86. The national average basis for HRW wheat was 2 cents stronger at 33 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 13 cents at $3.50. The national average basis for HRS wheat was 2 cents stronger at 61 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was down 7 cents at $4.26.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.44 | -$0.08 | -$0.17 | Dec | $0.006 |
Soybeans: | $7.86 | -$0.01 | -$0.83 | Nov | -$0.001 |
SRW Wheat: | $4.37 | -$0.03 | -$0.16 | Dec | $0.060 |
HRW Wheat: | $3.50 | -$0.13 | -$0.33 | Dec | $0.022 |
HRS Wheat: | $4.26 | -$0.07 | -$0.61 | Dec | $0.023 |
The DTN National Corn Index for Tuesday indicated a national average basis of 17 cents under the Chicago December futures contract, unchanged from Friday's basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 83 cents under the Chicago November futures contract, unchanged from Friday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Tuesday indicated a national average basis of 16 cents under the Chicago December futures, 6 cents stronger than Friday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Tuesday indicated a national average basis of 33 cents under the Kansas City December futures contract, 2 cents stronger than Friday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Tuesday indicated a national average basis of 61 cents under the Minneapolis December futures contract, 2 cents stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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