DTN Daily Basis Comments

Corn, Soybean Basis Stronger

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 stronger at 23 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $3.90. The national average basis for soybeans was 1 cent stronger at 54 cents under the November futures contract while the DTN National Soybean Index was up 9 cents at $10.18. 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 down 2 cents at $5.43. The national average basis for HRS wheat was unchanged at 31 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 5 cents at $5.51.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.90 $0.06 -$0.23 Dec $0.007
Soybeans: $10.18 $0.09 -$0.54 Nov $0.012
SRW Wheat: $5.98 -$0.03 -$0.31 Dec -$0.008
HRW Wheat: $5.43 -$0.02 -$0.27 Dec -$0.006
HRS Wheat: $5.51 $0.05 -$0.31 Dec -$0.001

CORN:

The national average corn basis for Wednesday is at 23 cents under the December futures, 1 cent stronger than Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 54 cents under the November futures, 1 cent stronger than Tuesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 31 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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