DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 31 cents under the December futures contract while the DTN National Corn Index was unchanged at $3.27. The national average basis for soybeans was 2 cents weaker at 55 cents under the November futures contract while the DTN National Soybean Index was down 1 cent at $8.99. The national average basis for HRW wheat was 10 cents weaker at 37 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 1 cent at $4.49. The national average basis for HRS wheat was 3 cents stronger at 42 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 10 cents at $5.04.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.27	$0.00	-$0.31	Dec	$0.001
Soybeans:	$8.99	-$0.01	-$0.55	Nov	-$0.024
SRW Wheat:	$5.36	$0.14	-$0.28	Dec	$0.019
HRW Wheat:	$4.49	$0.01	-$0.37	Dec	-$0.093
HRS Wheat:	$5.04	$0.10	-$0.42	Dec	$0.033

CORN:

The national average corn basis for Tuesday is at 31 cents under the December futures, unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 55 cents under the November futures, 2 cents weaker than Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 28 cents under the December futures, 2 cents stronger than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 37 cents under the Kansas City December futures, 10 cents weaker than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 42 cents under the Minneapolis December futures, 3 cents stronger than Monday's basis.

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

Follow her on Twitter @MaryCKenn

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