DTN Daily Basis Comments
Corn Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 16 cents under the December futures contract while the DTN National Corn Index was down 3 cents at $4.06. The national average basis for soybeans was unchanged at 50 cents under the January futures contract while the DTN National Soybean Index was up 2 cents at $11.28. The national average basis for HRW wheat was unchanged at 26 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 9 cents at $5.23. The national average basis for HRS wheat was 1 cent stronger at 23 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 3 cents at $5.24.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.07 | -$0.03 | -$0.16 | Dec | $0.006 |
Soybeans: | $11.28 | $0.02 | -$0.50 | Jan | $0.006 |
SRW Wheat: | $5.68 | -$0.03 | -$0.24 | Dec | $0.026 |
HRW Wheat: | $5.23 | -$0.09 | -$0.26 | Dec | $0.003 |
HRS Wheat: | $5.24 | -$0.03 | -$0.23 | Dec | $0.014 |
CORN:
The national average corn basis for Thursday is at 16 cents under the December futures, 1 cent stronger than Wednesday basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 50 cents under the January futures, unchanged from Wednesday basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 24 cents under the December futures, 2 cents stronger than Wednesday basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 26 cents under the Kansas City December futures, unchanged from than Wednesday basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 23 cents under the Minneapolis December futures, 1 cent stronger than Wednesday basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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