DTN Daily Basis Comments

Soybean Basis Stronger; Corn 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 14 cents under the December futures contract and the DTN National Corn Index was down 4 cents at $3.57. The national average basis for soybeans was 1 cent stronger at 66 cents under the January futures contract while the DTN National Soybean Index was up 2 cents at $8.52. The national average basis for HRW wheat was unchanged at 25 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $3.92. The national average basis for HRS wheat was 1 cent weaker at 11 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 10 cent at $4.93.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.57 -$0.04 -$0.14 Dec $0.002
Soybeans: $8.52 $0.02 -$0.66 Jan $0.007
SRW Wheat: $4.91 -$0.06 -$0.11 Dec -$0.014
HRW Wheat: $3.92 -$0.05 -$0.25 Dec $0.006
HRS Wheat: $4.93 -$0.10 -$0.11 Dec -$0.007

CORN:

The DTN national average corn basis for Friday is at 14 cents under the December futures, unchanged from Wednesday's basis.

SOYBEANS:

The DTN national average soybean basis for Friday is at 66 cents under the January futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The DTN national average SRW wheat basis for Friday is at 11 cents under the Chicago December futures, 1 cent weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

The DTN national average HRW wheat basis for Friday is at 25 cents under the Kansas City December futures, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis for Friday is at 11 cents under the Minneapolis December futures, 1 cent weaker than Wednesday'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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