DTN Daily Basis Comments

Corn, Soybean Basis Stronger

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 11 cents under the December futures contract while the DTN National Corn Index was up 4 cents at $5.70. The national average basis for soybeans was 1 cent stronger at 38 cents under the January futures contract and the DTN National Soybean Index was down 1 cent at $12.35. The national average basis for HRW wheat was unchanged at 16 cents under the December futures contract and the DTN National Hard Red Winter Wheat Index was up 17 cents at $8.63. The national average basis for HRS wheat was 4 cents stronger at 26 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 19 cents at $10.13.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.70 $0.04 -$0.11 Dec $0.006
Soybeans: $12.35 -$0.01 -$0.38 Jan $0.006
SRW Wheat: $8.10 $0.06 -$0.46 Dec -$0.044
HRW Wheat: $8.63 $0.17 -$0.16 Dec $0.002
HRS Wheat: $10.13 $0.19 -$0.26 Dec $0.043

CORN:

The national average corn basis for Tuesday is 11 cents under the December futures, 1 cent stronger than Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 38 cents under the January futures, 1 cent stronger than Monday's basis.

SOFT RED WINTER WHEAT

The national average SRW wheat basis for Tuesday is at 46 cents under the December futures, 4 cents weaker than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 16 cents under the Kansas City December futures, unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 26 cents under the Minneapolis December futures, 4 cents stronger 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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