DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 33 cents under the December futures contract, while the DTN National Corn Index was down 5 cents at $4.10. The national average basis for soybeans was 1 cent stronger at 58 cents under the January futures, while the DTN National Soybean Index was down 11 cents at $11.61. The national average basis for hard red winter (HRW) wheat was steady at 63 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 17 cents at $5.60. The national average basis for hard red spring (HRS) wheat was steady at 32 cents under the MIAX Minneapolis December futures contract, and the DTN National Hard Red Spring Wheat Index was down 13 cents at $5.91.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.10	-$0.05	-$0.33	Dec	$0.001
Soybeans:	$11.61	$0.11	-$0.58	Jan	$0.011
SRW Wheat:	$5.22	$0.15	-$0.62	Dec	-$0.002
HRW Wheat:	$5.60	$0.17	-$0.63	Dec	$0.002
HRS Wheat:	$6.91	$0.13	-$0.32	Dec	$0.000

CORN:

The national average corn basis for Thursday was 33 cents under the December futures, unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 58 cents under the November futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday was 62 cents under the December futures, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 63 cents under the Kansas City December futures, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 32 cents under the MIAX Minneapolis December, unchanged from Wednesday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

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