DTN Daily Basis Comments

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 unchanged at 44 cents under the December futures contract and the DTN National Corn Index was up 5 cents at $3.13. The national average basis for soybeans was unchanged at $1.03 under the November futures contract and the DTN National Soybean Index was down 3 cents at $7.44. The national average basis for HRW wheat was unchanged at 41 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $4.84. The national average basis for HRS wheat was unchanged at 63 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was down 6 cents at $5.19.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.13 $0.05 -$0.44 Dec $0.000
Soybeans: $7.44 -$0.03 -$1.03 Nov $0.001
SRW Wheat: $4.76 -$0.02 -$0.46 Dec -$0.001
HRW Wheat: $4.84 -$0.02 -$0.41 Dec $0.001
HRS Wheat: $5.19 -$0.06 -$0.63 Dec -$0.001

CORN:

The DTN National Corn Index for Friday indicated a national average basis of 44 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 $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 46 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 41 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 63 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

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Mary Kennedy

Mary Kennedy
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