DTN Daily Basis Comments

Corn, 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 1 cent weaker at 29 cents under the December futures contract while the DTN National Corn Index was up 3 cents at $3.50. The national average basis for soybeans was 1 cent weaker at 56 cents under the November futures contract while the DTN National Soybean Index was up 15 cents at $9.88. The national average basis for HRW wheat was unchanged at 26 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 17 cents at $4.78. The national average basis for HRS wheat was 1 cent weaker at 36 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 10 cents at $5.16.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.50 $0.03 -$0.29 Dec -$0.003
Soybeans: $9.88 $0.15 -$0.56 Nov -$0.003
SRW Wheat: $5.49 $0.19 -$0.26 Dec -$0.001
HRW Wheat: $4.78 $0.17 -$0.26 Dec $0.002
HRS Wheat: $5.16 $0.10 -$0.36 Dec -$0.001

CORN:

The national average corn basis for Friday is at 29 cents under the December futures, 1 cent weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at 56 cents under the November futures, 1 cent weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 26 cents under the December futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 26 cents under the Kansas City December futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 36 cents under the Minneapolis December futures, 1 cent weaker than Thursday'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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