DTN Daily Basis Comments
Corn Basis Steady; Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 17 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $4.09. The national average basis for soybeans was 1 cent stronger at 50 cents under the January futures contract while the DTN National Soybean Index was up 6 cents at $11.26. The national average basis for HRW wheat was 1 cent weaker at 26 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $5.32. The national average basis for HRS wheat was unchanged at 24 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.26.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.09 | $0.06 | -$0.17 | Dec | $0.005 |
Soybeans: | $11.26 | $0.06 | -$0.50 | Jan | $0.004 |
SRW Wheat: | $5.71 | $0.02 | -$0.26 | Dec | -$0.007 |
HRW Wheat: | $5.32 | $0.05 | -$0.26 | Dec | -$0.005 |
HRS Wheat: | $5.26 | $0.02 | -$0.24 | Dec | $0.002 |
CORN:
The national average corn basis for Wednesday is at 17 cents under the December futures, unchanged from Tuesday's basis.
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SOYBEANS:
The national average soybean basis for Wednesday is at 50 cents under the January futures, 1 cent stronger than Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 26 cents under the December futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 26 cents under the Kansas City December futures, 1 cent weaker than Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 24 cents under the Minneapolis December futures, unchanged from Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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