DTN Daily Basis Comments

Corn, All Wheat Basis Moved to December

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 17 cents under the December futures contract and the DTN National Corn Index was down 1 cent at $3.53. The national average basis for soybeans was unchanged at 83 cents under the November futures contract while the DTN National Soybean Index was up 1 cent at $7.86. The national average basis for HRW wheat was unchanged at 35 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $3.62. The national average basis for HRS wheat was 3 cents stronger at 63 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was down 1 cent at $4.33.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.53 -$0.01 -$0.17 Dec $0.009
Soybeans: $7.86 $0.01 -$0.83 Nov $0.002
SRW Wheat: $4.40 -$0.14 -$0.22 Dec -$0.041
HRW Wheat: $3.62 -$0.04 -$0.35 Dec $0.001
HRS Wheat: $4.33 -$0.01 -$0.63 Dec $0.033

CORN:

The DTN National Corn Index for Friday indicated a national average basis of 17 cents under the Chicago December futures contract, 1 cent stronger than Thursday's basis.

SOYBEANS:

The DTN National Soybean Index for Friday indicated a national average basis of 83 cents under the Chicago November futures contract, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter (SRW) Wheat Index for Friday indicated a national average basis of 22 cents under the Chicago December futures, 4 cents weaker than Thursday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Friday indicated a national average basis of 35 cents under the Kansas City December futures contract, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring (HRS) Wheat Index for Friday indicated a national average basis of 63 cents under the Minneapolis December futures contract, 3 cents stronger 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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