DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 40 cents under the December futures contract, while the DTN National Corn Index was down 3 cents at $3.80. The national average basis for soybeans was 1 cent stronger at 73 cents under the November futures contract, while the DTN National Soybean Index was unchanged at $9.58. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 69 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.16. The national average basis for hard red spring (HRS) wheat was 2 cents stronger at 36 cents under the MIAX Minneapolis December futures contract, and the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.09.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.80	-$0.03	-$0.40	Dec	$0.000
Soybeans:	$9.58	$0.00	-$0.73	Nov	$0.009
SRW Wheat:	$4.35	-$0.04	-$0.65	Dec	$0.006
HRW Wheat:	$4.16	-$0.04	-$0.69	Dec	$0.008
HRS Wheat:	$5.09	-$0.01	-$0.36	Dec	$0.027

CORN:

The national average corn basis for Tuesday was 40 cents under the December futures, unchanged from Monday's basis. PNW basis is steady for October at +110Z and steady for November at +115Z, while Hereford, Texas, is 5 cents stronger at +95Z. CIF basis is steady at +81Z and track St. Louis is 3 cents stronger at +17Z. Processors are mixed with Cedar Rapids, Iowa, steady at -24Z; Fort Dodge, Iowa, is 2 cents stronger at -38Z; Council Bluffs, Iowa, is steady at -22Z; Des Moines, Iowa, is steady at -20Z; Decatur, Illinois, is 8 cents stronger at -5Z; Mitchell, South Dakota, is steady at -60Z; Blair, Nebraska, is steady at -22Z; Hastings, Nebraska, is steady at -32Z; Lincoln, Nebraska, is steady at -42Z; Garden City, Kansas, is steady at -10Z; Columbus, Nebraska, is steady at -25Z; and Marshall, Minnesota, is 2 cents stronger at -48Z.

SOYBEAN:

The national average soybean basis for Tuesday was 73 cents under the November futures, 1 cent stronger than Monday's basis. PNW basis for Oct. is steady at +80X. CIF basis is steady at +78X and track St. Louis is 1 cent stronger at +15Z. River basis north of St. Louis on the Mississippi River at Quincy, Illinois, is steady at -10X; St. Paul, Minnesota, is steady at -55X and basis on the Illinois River at Havana, Illinois, is steady at -22X. The Mississippi River at Memphis is at -8.35 feet below zero gauge and dredges are starting to appear in the Lower and Upper Mississippi River, which will stop or slow barge traffic. Processors are mixed with Council Bluffs, Iowa, steady at -60X; Des Moines, Iowa, is steady at -20X; Cedar Rapids, Iowa, is 15 cents stronger at -25X; Sioux City is steady at -35X; Decatur, Illinois, is steady at option the X; Volga, South Dakota, is steady at -90X; Spiritwood, North Dakota, is steady -90X; Hastings, Nebraska, is steady at -75X; Lincoln, Nebraska, is 15 cents stronger at -60X; Aberdeen, South Dakota, is 20 cents stronger at -95X; Mitchell, South Dakota, is steady at -105X; and Mankato, Minnesota, is 5 cents stronger at -15X. BN secondary shuttle freight for returns is bid $700 against offers of $1000, Oct. is bid plus $700 over against offers of plus $1000 over and FH November is bid plus $600 over against no offers. UP secondary freight for returns is bid plus $500 over against no offers, Oct. is bid plus $500 over against no offers and Nov. is bid plus $100 over against offers of plus $400 over.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 65 cents under the December futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 69 cents under the Kansas City December futures, 1 cent stronger than Monday's basis. Spot premiums were steady to higher as mills are still looking for spot needs. Ordinary protein is steady at +100; 11.0% through 11.2% was steady at +105; 11.4% was steady at +115; 11.6% through 12.2% is up 5 at +120; 12.4% is up 11 at +120; 12.6 through 12.8% is up 15 at +120; 13% through 14% is steady at +120. Gulf bid for spot 11% protein was up 5 at +100Z with no protein bumps. PNW 11.5% is down 5 at +145Z, while Texas Gulf basis for 11% is steady at +135Z. Traders are putting winter wheat planting at approximately 76% done.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 36 cents under the MIAX Minneapolis December futures, 2 cents stronger than Monday's basis. The MIAX Futures Exchange, LLC Floor Trading Summary of spot milling spring wheat cash premiums closed as follows, basis the December MIAX spring wheat futures: 12% proteins was not quoted; 13% proteins are not quoted; 13.5 proteins were not quoted; 14 proteins were up 15 to down 5 at +155; 14.5% proteins were unchanged at +150N; 15% proteins were down 30 to down 10 at +200 to +265 and 16% proteins were not quoted. Wheat receipts on the exchange floor were 9 cars, which includes zero train(s). Bid (B), Ask (A), Nominal (N). Minneapolis Daily Spot Grain Prices are Delivered Chicago/Beyond freight.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on social platform X @MaryCKenn

(c) Copyright 2025 DTN, LLC. All rights reserved.