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 2 cents weaker at 11 cents over the December futures contract while the DTN National Corn Index was down 2 cents at $5.21. The national average basis for soybeans was 1 cent weaker at 43 cents under the November futures contract while the DTN National Soybean Index was down 9 cents at $12.28. The national average basis for HRW wheat was 1 cent stronger at 19 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 21 cents at $6.64. The national average basis for HRS wheat was unchanged at 11 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 23 cents at $8.61.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.21 -$0.02 $0.11 Dec -$0.015
Soybeans: $12.28 -$0.09 -$0.43 Nov -$0.002
SRW Wheat: $6.31 -$0.17 -$0.61 Dec $0.007
HRW Wheat: $6.64 -$0.21 -$0.19 Dec $0.006
HRS Wheat: $8.61 -$0.23 -$0.11 Dec -$0.005

CORN:

The national average corn basis for Thursday is at 11 cents over the December futures, 2 cents weaker than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 43 cents under the November futures, 1 cent weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 61 cents under the December futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 19 cents under the Kansas City December futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 11 cents under the Minneapolis December futures, unchanged from 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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