DTN Daily Basis Comments
Corn, Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 9 cents over the December futures contract, while the DTN National Corn Index was down 13 cents at $6.86. The national average basis for soybeans was 3 cents weaker at 35 cents under the November futures contract and the DTN National Soybean Index was down 34 cents at $13.90. The national average basis for hard red winter (HRW) wheat was 2 cents weaker at 44 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 31 cents at $9.07. The national average basis for hard red spring (HRS) wheat was 4 cents weaker at 57 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was down 32 cents at $8.93.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.86 | -$0.13 | $0.09 | Dec | -$0.011 |
Soybeans: | $13.90 | -$0.34 | -$0.35 | Nov | -$0.029 |
SRW Wheat: | $8.15 | -$0.29 | -$0.66 | Dec | $0.011 |
HRW Wheat: | $9.07 | -$0.31 | -$0.44 | Dec | -$0.019 |
HRS Wheat: | $8.93 | -$0.32 | -$0.57 | Dec | -$0.035 |
CORN:
The national average corn basis for Friday is 9 cents over the December futures, 1 cent weaker than Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is 35 cents under the November futures, 3 cents weaker than Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is 66 cents under the December futures, 1 cent stronger than Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is 44 cents under the Kansas City December futures, 2 cents weaker than Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is 57 cents under the Minneapolis December futures, 4 cents weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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