DTN Daily Basis Comments

Soybean, Corn 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 29 cents under the December futures contract while the DTN National Corn Index was up 1 cent at $3.41. The national average basis for soybeans was unchanged at 54 cents under the November futures contract while the DTN National Soybean Index was up 3 cents at $9.45. The national average basis for HRW wheat was 1 cent weaker at 27 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.47. The national average basis for HRS wheat was unchanged at 36 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $4.95.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.41 $0.01 -$0.29 Dec $0.000
Soybeans: $9.45 $0.03 -$0.54 Nov -$0.005
SRW Wheat: $5.15 $0.03 -$0.31 Dec -$0.006
HRW Wheat: $4.47 $0.02 -$0.27 Dec -$0.005
HRS Wheat: $4.95 -$0.02 -$0.36 Dec $0.000

CORN:

The national average corn basis for Monday is at 29 cents under the December futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 54 cents under the November futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 31 cents under the December futures, 1 cent weaker than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 27 cents under the Kansas City December futures, 1 cent weaker than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 36 cents under the Minneapolis December futures, unchanged from Friday'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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