DTN Daily Basis Comments

Soybean Basis Stronger; Corn Steady

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
Connect with Mary:
DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 40 cents under the December futures contract while the DTN National Corn Index was 2 cents weaker at $3.04. The national average basis for soybeans was 1 cent stronger at 80 cents under the January futures contract while the DTN National Soybean Index was up 3 cents at $9.07. The national average basis for HRW wheat was 1 cent weaker at 60 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was up 3 cents at $3.74. The national average basis for HRS wheat was unchanged at 29 cents under the December future contract and the DTN National Hard Red Spring Wheat Index was unchanged at $6.19.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.04 $0.02 -$0.40 Dec $0.003
Soybeans: $9.07 $0.03 -$0.80 Jan $0.008
SRW Wheat: $3.97 $0.03 -$0.34 Dec $0.001
HRW Wheat: $3.74 $0.03 -$0.60 Dec -$0.009
HRS Wheat: $6.19 $0.00 -$0.29 Dec $0.004

CORN:

The DTN National Corn Index for Friday indicated a national average basis of 40 cents under the Chicago December futures contract, unchanged from Thursday's basis.

SOYBEANS:

The DTN National Soybean Index for Friday indicated a national average basis of 80 cents under the Chicago January futures contract, 1 cent stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 34 cents under the Chicago December futures, 1 cent stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 60 cents under the Kansas City December futures contract, 1 cent weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 29 cents under the Minneapolis December futures contract, unchanged from Thursday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]

Mary Kennedy

Mary Kennedy
Connect with Mary: