DTN Daily Basis Comments
Soybean Basis Weaker
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 9 cents at $5.22. The national average basis for soybeans was 1 cent weaker at 47 cents under the November futures contract while the DTN National Soybean Index was up 16 cents at $11.98. The national average basis for HRW wheat was 3 cents stronger at 17 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 14 cents at $7.42. The national average basis for HRS wheat was 4 cents stronger at 18 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 20 cents at $9.72.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.22 | $0.09 | -$0.17 | Dec | -$0.004 |
Soybeans: | $11.98 | $0.16 | -$0.47 | Nov | -$0.013 |
SRW Wheat: | $6.98 | $0.13 | -$0.51 | Dec | -$0.002 |
HRW Wheat: | $7.42 | $0.14 | -$0.17 | Dec | $0.024 |
HRS Wheat: | $9.72 | $0.20 | -$0.18 | Dec | $0.045 |
CORN:
The national average corn basis for Wednesday is 17 cents under the December futures, unchanged from Tuesday's basis.
SOYBEANS:
The national average soybean basis for Wednesday is at 47 cents under the November futures, 1 cent weaker than Tuesday's basis.
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SOFT RED WINTER WHEAT
The national average SRW wheat basis for Wednesday is at 51 cents under the December futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 17 cents under the Kansas City December futures, 3 cents stronger than Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 18 cents under the Minneapolis December futures, 4 cents stronger than Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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