DTN Daily Basis Comments

Soybean Basis Stronger

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 41 cents under the December futures contract while the DTN National Corn Index was down 2 cents at $3.27. The national average basis for soybeans was 1 cent stronger at 99 cents under the November futures contract while the DTN National Soybean Index was down 6 cents at $7.51. The national average basis for HRW wheat was unchanged at 36 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 10 cents at $4.61. The national average basis for HRS wheat was 1 cent weaker at 55 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was down 7 cents at $5.24.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.27 -$0.02 -$0.41 Dec $0.002
Soybeans: $7.51 -$0.06 -$0.99 Nov $0.010
SRW Wheat: $4.62 -$0.10 -$0.38 Dec $0.000
HRW Wheat: $4.61 -$0.10 -$0.36 Dec $0.002
HRS Wheat: $5.24 -$0.07 -$0.55 Dec -$0.005

CORN:

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

SOYBEANS:

The DTN National Soybean Index for Wednesday indicated a national average basis of 99 cents under the Chicago November futures contract, 1 cent stronger than Tuesday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Wednesday indicated a national average basis of 38 cents under the Chicago December futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Wednesday indicated a national average basis of 36 cents under the Kansas City December futures contract, 1 cent stronger than Tuesday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Wednesday indicated a national average basis of 55 cents under the Minneapolis December futures contract, 1 cent weaker than Tuesday'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
Connect with Mary: