DTN Daily Basis Comments
Soybean, Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 2 cents weaker at 16 cents under the December futures contract while the DTN National Corn Index was up 10 cents at $5.23. The national average basis for soybeans was 2 cents weaker at 49 cents under the November futures contract while the DTN National Soybean Index was up 1 cent at $12.39. The national average basis for HRW wheat was unchanged at 18 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 1 cent at $7.03. The national average basis for HRS wheat was 1 cent weaker at 14 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 5 cents at $9.08.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.23 | $0.10 | -$0.16 | Dec | -$0.023 |
Soybeans: | $12.39 | $0.01 | -$0.49 | Nov | -$0.017 |
SRW Wheat: | $6.65 | -$0.01 | -$0.58 | Dec | $0.006 |
HRW Wheat: | $7.03 | $0.01 | -$0.18 | Dec | $0.002 |
HRS Wheat: | $9.08 | $0.05 | -$0.14 | Dec | -$0.007 |
CORN:
The national average corn basis for Monday is 16 cents under the December futures, 2 cents weaker than Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is at 49 cents under the November futures, 2 cents weaker than Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 58 cents under the December futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 18 cents under the Kansas City December futures, unchanged from Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday is at 14 cents under the Minneapolis December futures, 1 cent weaker than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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