DTN Daily Basis Comments
Soybean Basis Stronger; Corn Basis Steady
The national average basis for corn was unchanged at 14 cents under the December futures contract and the DTN National Corn Index was down 4 cents at $3.57. The national average basis for soybeans was 1 cent stronger at 66 cents under the January futures contract while the DTN National Soybean Index was up 2 cents at $8.52. The national average basis for HRW wheat was unchanged at 25 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $3.92. The national average basis for HRS wheat was 1 cent weaker at 11 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 10 cent at $4.93.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.57 | -$0.04 | -$0.14 | Dec | $0.002 |
Soybeans: | $8.52 | $0.02 | -$0.66 | Jan | $0.007 |
SRW Wheat: | $4.91 | -$0.06 | -$0.11 | Dec | -$0.014 |
HRW Wheat: | $3.92 | -$0.05 | -$0.25 | Dec | $0.006 |
HRS Wheat: | $4.93 | -$0.10 | -$0.11 | Dec | -$0.007 |
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The DTN national average corn basis for Friday is at 14 cents under the December futures, unchanged from Wednesday's basis.
The DTN national average soybean basis for Friday is at 66 cents under the January futures, 1 cent stronger than Wednesday's basis.
The DTN national average SRW wheat basis for Friday is at 11 cents under the Chicago December futures, 1 cent weaker than Wednesday's basis.
HARD RED WINTER WHEAT:The DTN national average HRW wheat basis for Friday is at 25 cents under the Kansas City December futures, unchanged from Wednesday's basis.
HARD RED SPRING WHEAT:The DTN national average HRS wheat basis for Friday is at 11 cents under the Minneapolis December futures, 1 cent weaker than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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(BE)
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