DTN Daily Basis Comments

Corn Basis Steady; Soybean Basis Weaker

DAILY BASIS:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $2.88 -$0.07 -$0.41 Dec $0.002
Soybeans: $8.88 -$0.11 -$0.57 Nov -$0.016
SRW Wheat: $3.44 -$0.08 -$0.52 Dec $0.005
HRW Wheat: $3.03 -$0.07 -$1.11 Dec $0.008
HRS Wheat: $4.39 -$0.08 -$0.56 Dec $0.011

CORN:

The DTN National Corn Index for Monday indicates a national average basis of 41 cents under the Chicago December futures contract, unchanged from Friday's basis.

SOYBEAN:

The DTN National Soybean Index for Monday indicates a national average basis of 57 cents under the Chicago November futures contract, 1 cent weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Monday indicates a national average basis of 52 cents under the Chicago December futures, 1 cent stronger than Friday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Monday indicates a national average basis of $1.11 cents under the Kansas City December futures contract, 1 cent weaker than Friday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Monday indicates a national average basis of 56 cents under the Minneapolis December futures contract, 1 cent stronger than Friday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(ES)