DTN Daily Basis Comments

Corn, Soybean Basis Steady

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 unchanged at 17 cents under the December futures contract while the DTN National Corn Index was down 2 cents at $5.14. The national average basis for soybeans was unchanged at 46 cents under the November futures contract while the DTN National Soybean Index was up 6 cents at $11.82. The national average basis for HRW wheat was 3 cents weaker at 20 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 3 cents at $7.28. The national average basis for HRS wheat was 5 cents weaker at 22 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 1 cent at $9.52.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.14 -$0.02 -$0.17 Dec $0.003
Soybeans: $11.82 $0.06 -$0.46 Nov -$0.004
SRW Wheat: $6.85 $0.00 -$0.51 Dec $0.005
HRW Wheat: $7.28 -$0.03 -$0.20 Dec -$0.025
HRS Wheat: $9.52 $0.01 -$0.22 Dec -$0.053

CORN:

The national average corn basis for Tuesday is 17 cents under the December futures, unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 46 cents under the November futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT

The national average SRW wheat basis for Tuesday is at 51 cents under the December futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 20 cents under the Kansas City December futures, 3 cents weaker than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 17 cents under the Minneapolis December futures, 5 cents weaker than Monday'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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