Monday’s U.S. cash grain markets remained largely steady as the national average basis for major commodities held firm, while national indices posted modest gains.
Corn’s national average basis was steady at 38 cents under the December futures contract, unchanged from Friday, while the DTN National Corn Index rose 2 cents to $3.91. Soybeans mirrored this trend, with the national average basis unchanged at 76 cents under the January futures contract, and the DTN National Soybean Index advancing 13 cents to $10.55.
Soft red winter (SRW) wheat saw no change in its national average basis, remaining at 61 cents under December futures, though its index inched up 8 cents to $4.75. Hard red winter (HRW) wheat recorded a slight increase in basis, moving 1 cent stronger to 67 cents under December futures, while the DTN HRW Index rose 9 cents to $4.60. Hard red spring (HRS) wheat maintained a steady basis of 22 cents under the Minneapolis December contract, with its national index up 6 cents at $5.42.
Overall, Monday’s cash markets reflect a stable demand environment for corn, soybeans, and wheat, with regional buyers maintaining consistent bids. Minor gains in national indices suggest cautious optimism among market participants, while steady basis levels indicate limited pressure or volatility across major grain markets.
