DTN Daily Basis Comments

Corn, Soybean Basis Unchanged

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 30 cents under the December futures contract while the DTN National Corn Index was down 1 cent at $3.31. The national average basis for soybeans was unchanged at 55 cents under the November futures contract while the DTN National Soybean Index was up 5 cents at $9.24. The national average basis for HRW wheat was unchanged at 27 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.44. The national average basis for HRS wheat was unchanged at 37 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $4.99.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.31 -$0.01 -$0.30 Dec $0.008
Soybeans: $9.24 $0.05 -$0.55 Nov -$0.002
SRW Wheat: $5.12 $0.00 -$0.32 Dec $0.004
HRW Wheat: $4.44 $0.02 -$0.27 Dec $0.005
HRS Wheat: $4.99 -$0.01 -$0.37 Dec $0.002

CORN:

The national average corn basis for Wednesday is at 30 cents under the December futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 55 cents under the November futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 32 cents under the December futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 27 cents under the Kansas City December futures, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 37 cents under the Minneapolis December futures, unchanged from Tuesday'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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