DTN Daily Basis Comments

Corn Basis Stronger

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
Connect with Mary:

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 25 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $3.60. The national average basis for soybeans was unchanged at 55 cents under the November futures contract while the DTN National Soybean Index was up 23 cents at $9.89. The national average basis for HRW wheat was unchanged at 26 under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 10 cents at $5.08. The national average basis for HRS wheat was 1 cent stronger at 30 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $5.08.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.60 $0.06 -$0.25 Dec $0.002
Soybeans: $9.89 $0.23 -$0.55 Nov $0.004
SRW Wheat: $5.65 $0.11 -$0.28 Dec $0.022
HRW Wheat: $5.08 $0.10 -$0.26 Dec -$0.003
HRS Wheat: $5.08 $0.03 -$0.30 Dec $0.005

CORN:

The national average corn basis for Tuesday is at 25 cents under the December futures, 1 cent stronger than Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 55 cents under the November futures, unchanged from 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 26 cents under the Kansas City December futures, 1 cent weaker than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 30 cents under the Minneapolis December futures, 1 cent stronger than Monday's basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
Connect with Mary: