DTN Daily Basis Comments

Soybean, HRS Wheat Basis Strengthens Friday

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 while the DTN National Corn Index was 2 cents lower at $3.55. The national average basis for soybeans was 1 cent stronger at 81 cents under the November futures contract while the DTN National Soybean Index was down 5 cents at $8.02. The national average basis for HRW wheat was unchanged at 27 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was also unchanged at $3.81. The national average basis for HRS wheat was 2 cents stronger at 44 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was up 1 cent at $5.03.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.55 -$0.02 -$0.16 Dec -$0.008
Soybeans: $8.02 -$0.05 -$0.81 Nov $0.007
SRW Wheat: $4.71 $0.04 -$0.16 Dec $0.005
HRW Wheat: $3.81 $0.00 -$0.27 Dec $0.003
HRS Wheat: $5.03 $0.01 -$0.44 Dec $0.025

CORN:

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

SOYBEANS:

The DTN national average soybean basis for Friday is at 81 cents under the November futures, 1 cent stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The DTN national average HRW wheat basis for Friday is at 27 cents under the Kansas City December futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis for Friday is at 44 cents under the Minneapolis December futures, 2 cents stronger than Thursday'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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