DTN Daily Basis Comments

Soybean, Wheat Basis Strengthens Tuesday

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 weaker at 16 cents under the December futures contract while the DTN National Corn Index was up 1 cent at $3.59. The national average basis for soybeans was 1 cent stronger at 82 cents under the November futures contract and the DTN National Soybean Index was up 3 cents at $8.12. The national average basis for HRW wheat was 1 cent stronger at 26 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 1 cent at $3.79. The national average basis for HRS wheat was 2 cents stronger at 49 cents under the December futures contract, and the DTN National Hard Red Spring Wheat Index was up 9 cents at $4.95.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.59 $0.01 -$0.16 Dec -$0.004
Soybeans: $8.12 $0.03 -$0.82 Nov $0.009
SRW Wheat: $4.66 -$0.01 -$0.16 Dec $0.003
HRW Wheat: $3.79 -$0.01 -$0.26 Dec $0.009
HRS Wheat: $4.95 $0.09 -$0.49 Dec $0.013

CORN:

The DTN national average corn basis for Tuesday is at 16 cents under the December futures, 1 cent weaker than Monday's basis.

SOYBEANS:

The DTN national average soybean basis for Tuesday is at 82 cents under the November futures, 1 cent stronger than Monday's basis.

SOFT RED WINTER WHEAT:

The DTN national average SRW wheat basis for Tuesday is at 16 cents under the Chicago December futures, 1 cent stronger than Monday's basis.

HARD RED WINTER WHEAT:

The DTN national average HRW wheat basis for Tuesday is at 26 cents under the Kansas City December futures, 1 cent stronger than Monday's basis.

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis for Tuesday is at 49 cents under the Minneapolis December futures, 2 cents stronger than Monday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BE)

Mary Kennedy

Mary Kennedy
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