DTN Daily Basis Comments
Soybean Basis Strengthens Friday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 16 cents under the December futures contract while the DTN National Corn Index was up 1 cent at $4.07. The national average basis for soybeans was 1 cent stronger at 49 cents under the January futures contract and the DTN National Soybean Index was up 4 cents at $11.32. The national average basis for HRW wheat was 1 cent stronger at 25 cents under the December futures contract and the DTN National Hard Red Winter Wheat Index was up 2 cents at $5.25. The national average basis for HRS wheat was 2 cents stronger at 21 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.23.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $4.07 | $0.01 | -$0.16 | Dec | $0.000 |
| Soybeans: | $11.32 | $0.04 | -$0.49 | Jan | $0.006 |
| SRW Wheat: | $5.68 | $0.00 | -$0.25 | Dec | -$0.015 |
| HRW Wheat: | $5.25 | $0.02 | -$0.25 | Dec | $0.003 |
| HRS Wheat: | $5.23 | -$0.01 | -$0.21 | Dec | $0.012 |
CORN:
The national average corn basis for Friday is at 16 cents under the December futures, unchanged from Thursday basis.
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SOYBEANS:
The national average soybean basis for Friday is at 49 cents under the January futures, 1 cent stronger than Thursday basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is at 25 cents under the December futures, 1 cent weaker than Thursday basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is at 25 cents under the Kansas City December futures, 1 cent stronger than Thursday basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is at 21 cents under the Minneapolis December futures, 2 cents stronger than Thursday basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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