DTN Daily Basis Comments

Soybean, Corn Basis Weaker, HRS Wheat Basis Stronger

Mary Kennedy , DTN Basis Analyst
DAILY BASIS:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.07 $0.12 -$0.43 Dec -$0.007
Soybeans: $8.87 $0.10 -$0.69 Nov -$0.010
SRW Wheat: $3.68 $0.21 -$0.48 Dec $0.015
HRW Wheat: $3.02 $0.16 -$1.12 Dec $0.007
HRS Wheat: $4.80 $0.11 -$0.52 Dec $0.009

CORN:

The DTN National Corn Index for Thursday indicates a national average basis of 43 cents under the Chicago December futures contract, 1 cent weaker than Wednesday's basis.

SOYBEAN:

The DTN National Soybean Index for Thursday indicates a national average basis of 69 cents under the Chicago November futures contract, 1 cent weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Thursday indicates a national average basis of 48 cents under the Chicago December futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Thursday indicates a national average basis of $1.12 under the Kansas City December futures contract, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Thursday indicates a national average basis of 52 cents under the Minneapolis December futures contract, 1 cent stronger than Wednesday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(ES)

Mary Kennedy

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