DTN Daily Basis Comments

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

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