DTN Daily Basis Comments
Soybean, HRS Wheat Basis Strengthens Friday
The national average basis for corn was unchanged at 16 cents under the December futures contract while the DTN National Corn Index was 2 cents lower at $3.55. The national average basis for soybeans was 1 cent stronger at 81 cents under the November futures contract while the DTN National Soybean Index was down 5 cents at $8.02. The national average basis for HRW wheat was unchanged at 27 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was also unchanged at $3.81. The national average basis for HRS wheat was 2 cents stronger at 44 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was up 1 cent at $5.03.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.55 | -$0.02 | -$0.16 | Dec | -$0.008 |
Soybeans: | $8.02 | -$0.05 | -$0.81 | Nov | $0.007 |
SRW Wheat: | $4.71 | $0.04 | -$0.16 | Dec | $0.005 |
HRW Wheat: | $3.81 | $0.00 | -$0.27 | Dec | $0.003 |
HRS Wheat: | $5.03 | $0.01 | -$0.44 | Dec | $0.025 |
The DTN national average corn basis for Friday is at 16 cents under the December futures, unchanged from Thursday's basis.
SOYBEANS:The DTN national average soybean basis for Friday is at 81 cents under the November futures, 1 cent stronger than Thursday's basis.
SOFT RED WINTER WHEAT:The DTN national average SRW wheat basis for Friday is at 16 cents under the Chicago December futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:The DTN national average HRW wheat basis for Friday is at 27 cents under the Kansas City December futures, unchanged from Thursday's basis.
HARD RED SPRING WHEAT:The DTN national average HRS wheat basis for Friday is at 44 cents under the Minneapolis December futures, 2 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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