DTN Daily Basis Comments

Corn Basis Stronger; Soybean Basis Unchanged

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 43 cents under the December futures contract and the DTN National Corn Index was up 1 cent at $3.25. The national average basis for soybeans was unchanged at $1.03 under the November futures contract and the DTN National Soybean Index was up 10 cents at $7.66. The national average basis for HRW wheat was unchanged at 39 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.82. The national average basis for HRS wheat was 1 cent weaker at 58 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was unchanged at $5.33.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.25 $0.01 -$0.43 Dec $0.002
Soybeans: $7.66 $0.10 -$1.03 Nov $0.002
SRW Wheat: $4.82 $0.03 -$0.39 Dec $0.004
HRW Wheat: $4.85 $0.02 -$0.39 Dec -$0.001
HRS Wheat: $5.33 $0.00 -$0.58 Dec -$0.012

CORN:

The DTN National Corn Index for Friday indicated a national average basis of 43 cents under the Chicago December futures contract, 1 cent stronger from Thursday's basis.

SOYBEANS:

The DTN National Soybean Index for Friday indicated a national average basis of $1.03 under the Chicago November futures contract, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 39 cents under the Chicago December futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 39 cents under the Kansas City December futures contract, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 58 cents under the Minneapolis December futures contract, 1 cent weaker than Thursday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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