DTN Daily Basis Comments

Corn, Soybean Basis Steady Thursday

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 25 cents under the December futures contract while the DTN National Corn Index was up 7 cents at $3.79. The national average basis for soybeans was unchanged at 56 cents under the November futures contract while the DTN National Soybean Index was up 6 cents at $10.06. 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 23 cents at $5.31. The national average basis for HRS wheat was 1 cent weaker at 31 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 12 cents at $5.28.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.79 $0.07 -$0.25 Dec $0.000
Soybeans: $10.06 $0.06 -$0.56 Nov -$0.002
SRW Wheat: $5.89 $0.20 -$0.30 Dec -$0.018
HRW Wheat: $5.31 $0.23 -$0.27 Dec $0.001
HRS Wheat: $5.28 $0.12 -$0.31 Dec -$0.005

CORN:

The national average corn basis for Thursday is at 25 cents under the December futures, unchanged from Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 56 cents under the November futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 30 cents under the December futures, 2 cents weaker than Wednesday's basis.

HARD RED WINTER WHEAT

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 31 cents under the Minneapolis December futures, 1 cent weaker than Wednesday'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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