DTN Daily Basis Comments

Corn, Soybean Basis Steady

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 17 cents under the December futures contract and the DTN National Corn Index was down 8 cents at $3.44. The national average basis for soybeans was unchanged at 83 cents under the November futures contract while the DTN National Soybean Index was down 1 cent at $7.86. The national average basis for HRW wheat was 2 cents stronger at 33 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 13 cents at $3.50. The national average basis for HRS wheat was 2 cents stronger at 61 cents under the December futures contract, while the DTN National Hard Red Spring Wheat Index was down 7 cents at $4.26.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.44 -$0.08 -$0.17 Dec $0.006
Soybeans: $7.86 -$0.01 -$0.83 Nov -$0.001
SRW Wheat: $4.37 -$0.03 -$0.16 Dec $0.060
HRW Wheat: $3.50 -$0.13 -$0.33 Dec $0.022
HRS Wheat: $4.26 -$0.07 -$0.61 Dec $0.023

CORN:

The DTN National Corn Index for Tuesday indicated a national average basis of 17 cents under the Chicago December futures contract, unchanged from Friday's basis.

SOYBEANS:

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

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter (SRW) Wheat Index for Tuesday indicated a national average basis of 16 cents under the Chicago December futures, 6 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Tuesday indicated a national average basis of 33 cents under the Kansas City December futures contract, 2 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring (HRS) Wheat Index for Tuesday indicated a national average basis of 61 cents under the Minneapolis December futures contract, 2 cents stronger than Friday'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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