DTN Daily Basis Comments

Corn Basis Stronger, 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 1 cent stronger at 14 cents under the December futures contract while the DTN National Corn Index was up 15 cents at $5.55. The national average basis for soybeans was 1 cent weaker at 43 cents under the January futures contract and the DTN National Soybean Index was up 4 cents at $11.74. The national average basis for HRW wheat was 1 cent weaker at 17 cents under the December futures contract and the DTN National Hard Red Winter Wheat Index was up 24 cents at $8.01. The national average basis for HRS wheat was 5 cents stronger at 38 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 28 cents at $10.08.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.55 $0.15 -$0.14 Dec $0.004
Soybeans: $11.74 $0.04 -$0.43 Jan -$0.004
SRW Wheat: $7.52 $0.18 -$0.51 Dec -$0.067
HRW Wheat: $8.01 $0.24 -$0.17 Dec -$0.004
HRS Wheat: $10.08 $0.28 -$0.38 Dec $0.053

CORN:

The national average corn basis for Wednesday is 14 cents under the December futures, 1 cent stronger than Tuesday's basis.

SOYBEANS:

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

SOFT RED WINTER WHEAT

The national average SRW wheat basis for Wednesday is at 51 cents under the December futures, 7 cents weaker than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 17 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 38 cents under the Minneapolis December futures, 5 cents stronger than Tuesday'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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