DTN Daily Basis Comments
Corn, Soybean Basis Weaken Friday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 2 cents weaker at 1 cent over the December futures contract, while the DTN National Corn Index was up 6 cents at $6.79. The national average basis for soybeans was 1 cent weaker at 47 cents under the November futures contract and the DTN National Soybean Index was down 47 cents at $13.18. The national average basis for hard red winter (HRW) wheat was 2 cents stronger at 42 cents under the December futures contract and the DTN National Hard Red Winter Wheat Index was up 27 cents at $9.50. The national average basis for hard red spring (HRS) wheat was 5 cents stronger at 52 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was up 21 cents at $9.30.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.79 | $0.06 | $0.01 | Dec | -$0.019 |
Soybeans: | $13.18 | -$0.47 | -$0.47 | Nov | -$0.007 |
SRW Wheat: | $8.61 | $0.26 | -$0.61 | Dec | $0.008 |
HRW Wheat: | $9.50 | $0.27 | -$0.42 | Dec | $0.020 |
HRS Wheat: | $9.30 | $0.21 | -$0.52 | Dec | $0.048 |
CORN:
The national average corn basis for Friday is 1 cent over the December futures, 2 cents weaker than Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is 47 cents under the November futures, 1 cent weaker than Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is 61 cents under the December futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is 42 cents under the Kansas City December futures, 2 cents stronger than Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is 52 cents under the Minneapolis December futures, 5 cents stronger than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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