DTN Daily Basis Comments
Corn and spring wheat basis was stronger, while soybean, HRW wheat and soft red winter wheat basis was steady Wednesday.
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 41 cents under the December futures contract, while the DTN National Corn Index was down 2 cents at $3.76. The national average basis for soybeans was steady at 78 cents under the November futures contract, while the DTN National Soybean Index was down 6 cents at $9.47. The national average basis for hard red winter (HRW) wheat was steady at 77 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.30. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 54 cents under the MIAX Minneapolis December futures contract, and the DTN National Hard Red Spring Wheat Index was down 4 cents at $5.15.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.76 | -$0.02 | -$0.41 | Dec | $0.006 |
| Soybeans: | $9.47 | -$0.06 | -$0.78 | Nov | -$0.001 |
| SRW Wheat: | $4.42 | -$0.05 | -$0.73 | Dec | $0.002 |
| HRW Wheat: | $4.30 | -$0.03 | -$0.77 | Dec | $0.005 |
| HRS Wheat: | $5.15 | -$0.04 | -$0.54 | Dec | $0.001 |
CORN:
The national average corn basis for Wednesday was 41 cents under the December futures, 1 cent stronger than Tuesday’s basis.
SOYBEAN:
The national average soybean basis for Wednesday was 78 cents under the November futures, unchanged from Tuesday’s basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday was 73 cents under the December futures, unchanged from Tuesday’s basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday was 77 cents under the Kansas City December futures, unchanged from Tuesday’s basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday was 54 cents under the MIAX Minneapolis December futures, 1 cent stronger than Tuesday’s basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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