DTN Daily Basis Comments
Corn, Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 29 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $3.36. The national average basis for soybeans was 1 cent stronger at 54 cents under the November futures contract while the DTN National Soybean Index was unchanged at $9.24. The national average basis for HRW wheat was unchanged at 27 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 3 cents at $4.47. The national average basis for HRS wheat was 1 cent stronger at 36 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.00.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.36 | $0.06 | -$0.29 | Dec | $0.008 |
Soybeans: | $9.24 | $0.00 | -$0.54 | Nov | $0.011 |
SRW Wheat: | $5.18 | $0.06 | -$0.31 | Dec | $0.010 |
HRW Wheat: | $4.47 | $0.03 | -$0.27 | Dec | -$0.001 |
HRS Wheat: | $5.00 | $0.01 | -$0.36 | Dec | $0.010 |
CORN:
The national average corn basis for Thursday is at 29 cents under the December futures, 1 cent stronger than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 54 cents under the November futures, 1 cent stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 31 cents under the December futures, 1 cent stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 27 cents under the Kansas City December futures, unchanged from Wednesday's basis
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 36 cents under the Minneapolis December futures, 1 cent stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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