DTN Daily Basis Comments
Corn, Soybean Basis Steady Monday
The national average basis for corn was unchanged at 16 cents under the December futures contract while the DTN National Corn Index was up 16 cents at $3.72. The national average basis for soybeans was also unchanged at 81 cents under the November futures contract while the DTN National Soybean Index was up 23 cents at $8.25. The national average basis for HRW wheat was 1 cent stronger at 26 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was up 8 cents at $3.89. The national average basis for HRS wheat was 1 cent stronger at 43 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $5.02.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.72 | $0.16 | -$0.16 | Dec | -$0.001 |
Soybeans: | $8.25 | $0.23 | -$0.81 | Nov | -$0.001 |
SRW Wheat: | $4.80 | $0.09 | -$0.16 | Dec | $0.003 |
HRW Wheat: | $3.89 | $0.08 | -$0.26 | Dec | $0.003 |
HRS Wheat: | $5.02 | -$0.02 | -$0.43 | Dec | $0.009 |
The DTN national average corn basis for Monday is at 16 cents under the December futures, unchanged from Friday's basis.
SOYBEANS:The DTN national average soybean basis for Monday is at 81 cents under the November futures, unchanged from Friday's basis.
SOFT RED WINTER WHEAT:The DTN national average SRW wheat basis for Monday is at 16 cents under the Chicago December futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:The DTN national average HRW wheat basis for Monday is at 26 cents under the Kansas City December futures, 1 cent stronger than Friday's basi.
HARD RED SPRING WHEAT:The DTN national average HRS wheat basis for Monday is at 43 cents under the Minneapolis December futures, 1 cent 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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