DTN Daily Basis Comments

Corn Basis Slides Lower Again

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 3 cents weaker at 8 cents over the December futures contract while the DTN National Corn Index was up 4 cents at $5.25. The national average basis for soybeans was unchanged at 43 cents under the November futures contract while the DTN National Soybean Index was up 15 cents at $12.43. The national average basis for HRW wheat was unchanged at 19 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $6.64. The national average basis for HRS wheat was 1 cent weaker at 12 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 5 cents at $8.67.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.25 $0.04 $0.08 Dec -$0.034
Soybeans: $12.43 $0.15 -$0.43 Nov -$0.007
SRW Wheat: $6.28 -$0.03 -$0.61 Dec $0.004
HRW Wheat: $6.64 $0.00 -$0.19 Dec $0.005
HRS Wheat: $8.67 $0.05 -$0.12 Dec -$0.008

CORN:

The national average corn basis for Friday is at 8 cents over the December futures, 3 cents weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at 43 cents under the November futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 61 cents under the December futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 19 cents under the Kansas City December futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 12 cents under the Minneapolis December futures, 1 cent weaker than Thursday'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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