DTN Daily Basis Comments

Corn 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 13 cents under the December futures contract while the DTN National Corn Index was up 2 cents at $5.17. The national average basis for soybeans was 1 cent stronger at 47 cents under the November futures contract while the DTN National Soybean Index was up 3 cents at $12.37. The national average basis for HRW wheat was 1 cent weaker at 19 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 14 cents at $7.01. The national average basis for HRS wheat was unchanged at 13 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 8 cents at $8.98.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.17 $0.02 -$0.13 Dec -$0.021
Soybeans: $12.37 $0.03 -$0.47 Nov $0.011
SRW Wheat: $6.59 $0.15 -$0.58 Dec $0.034
HRW Wheat: $7.01 $0.14 -$0.19 Dec -$0.003
HRS Wheat: $8.98 $0.08 -$0.13 Dec -$0.004

CORN:

The national average corn basis for Thursday is 13 cents under the December futures, 2 cents weaker than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 47 cents under the November futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 58 cents under the December futures, 4 cents 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 weaker than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 13 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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