DTN Daily Basis Comments
Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was steady at 37 cents under the December futures contract, while the DTN National Corn Index was up 6 cents at $4.04. The national average basis for soybeans was 1 cent stronger at 75 cents under the January futures contract, while the DTN National Soybean Index was up 14 cents at $10.72. The national average basis for hard red winter (HRW) wheat was steady at 68 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was unchanged at $4.58. The national average basis for hard red spring (HRS) wheat was 2 cents stronger at 20 cents under the MIAX Minneapolis December futures contract, while the DTN National Hard Red Spring Wheat Index was up 1 cent at $5.49.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $4.04 | $0.06 | -$0.37 | Dec | $0.002 |
| Soybeans: | $10.72 | $0.14 | -$0.75 | Jan | $0.003 |
| SRW Wheat: | $4.76 | -$0.01 | -$0.60 | Dec | -$0.004 |
| HRW Wheat: | $4.58 | $0.00 | -$0.68 | Dec | $0.002 |
| HRS Wheat: | $5.49 | $0.01 | -$0.20 | Dec | $0.014 |
CORN:
The national average corn basis for Thursday was 37 cents under the December futures, unchanged from Wednesday's basis.
SOYBEAN:
The national average soybean basis for Thursday was 75 cents under the January futures, 1 cent stronger than Wednesday's basis
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SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday was 60 cents under the December futures, unchanged from Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday was 68 cents under the Kansas City December futures, unchanged from Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday was 20 cents under the MIAX Minneapolis December futures, 2 cents stronger than Wednesday's basis.
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