DTN Daily Basis Comments

Soybean Basis Weaker

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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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

Mary Kennedy

Mary Kennedy
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