DTN Daily Basis Comments

Corn, Soybean Basis Steady Monday

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 up 16 cents at $3.72. The national average basis for soybeans was also unchanged at 81 cents under the November futures contract while the DTN National Soybean Index was up 23 cents at $8.25. The national average basis for HRW wheat was 1 cent stronger at 26 cents under the December futures contract, and the DTN National Hard Red Winter Wheat Index was up 8 cents at $3.89. The national average basis for HRS wheat was 1 cent stronger at 43 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $5.02.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.72 $0.16 -$0.16 Dec -$0.001
Soybeans: $8.25 $0.23 -$0.81 Nov -$0.001
SRW Wheat: $4.80 $0.09 -$0.16 Dec $0.003
HRW Wheat: $3.89 $0.08 -$0.26 Dec $0.003
HRS Wheat: $5.02 -$0.02 -$0.43 Dec $0.009

CORN:

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

SOYBEANS:

The DTN national average soybean basis for Monday is at 81 cents under the November futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis for Monday is at 43 cents under the Minneapolis December futures, 1 cent 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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