DTN Daily Basis Comments

Hard Red Spring Wheat Basis Continues to Strengthen Wednesday

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 16 cents under the December futures contract and the DTN National Corn Index was also unchanged at $3.59. The national average basis for soybeans was steady at 82 cents under the November futures contract while the DTN National Soybean Index was down 5 cents at $8.07. The national average basis for HRW wheat was unchanged at 26 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 1 cent at $3.78. The national average basis for HRS wheat was 2 cents stronger at 47 cents under the December futures contract, and the DTN National Hard Red Spring Wheat Index was up 12 cents at $5.07.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.59 $0.00 -$0.16 Dec $0.000
Soybeans: $8.07 -$0.05 -$0.82 Nov $0.003
SRW Wheat: $4.62 -$0.04 -$0.16 Dec $0.006
HRW Wheat: $3.78 -$0.01 -$0.26 Dec -$0.001
HRS Wheat: $5.07 $0.12 -$0.47 Dec $0.021

CORN:

The DTN national average corn basis for Wednesday is at 16 cents under the December futures, unchanged from Tuesday's basis.

SOYBEANS:

The DTN national average soybean basis for Wednesday is at 82 cents under the November futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The DTN national average SRW wheat basis for Wednesday is at 16 cents under the Chicago December futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The DTN national average HRW wheat basis for Wednesday is at 26 cents under the Kansas City December futures, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis for Wednesday is at 47 cents under the Minneapolis December futures, 2 cents stronger than Tuesday'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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