DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 30 cents under the December futures contract while the DTN National Corn Index was down 1 cent at $3.31. The national average basis for soybeans was unchanged at 55 cents under the November futures contract while the DTN National Soybean Index was up 5 cents at $9.24. The national average basis for HRW wheat was unchanged at 27 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.44. The national average basis for HRS wheat was unchanged at 37 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $4.99.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.31	-$0.01	-$0.30	Dec	$0.008
Soybeans:	$9.24	$0.05	-$0.55	Nov	-$0.002
SRW Wheat:	$5.12	$0.00	-$0.32	Dec	$0.004
HRW Wheat:	$4.44	$0.02	-$0.27	Dec	$0.005
HRS Wheat:	$4.99	-$0.01	-$0.37	Dec	$0.002

CORN:

The national average corn basis for Wednesday is at 30 cents under the December futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 55 cents under the November futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 32 cents under the December futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 37 cents under the Minneapolis December futures, unchanged from Tuesday's basis.

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

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