DTN Daily Basis Comments

Corn, Soybean Basis Stronger

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
Connect with Mary:

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 29 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $3.36. The national average basis for soybeans was 1 cent stronger at 54 cents under the November futures contract while the DTN National Soybean Index was unchanged 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 3 cents at $4.47. The national average basis for HRS wheat was 1 cent stronger at 36 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.00.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.36 $0.06 -$0.29 Dec $0.008
Soybeans: $9.24 $0.00 -$0.54 Nov $0.011
SRW Wheat: $5.18 $0.06 -$0.31 Dec $0.010
HRW Wheat: $4.47 $0.03 -$0.27 Dec -$0.001
HRS Wheat: $5.00 $0.01 -$0.36 Dec $0.010

CORN:

The national average corn basis for Thursday is at 29 cents under the December futures, 1 cent stronger than Wednesday's basis.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

SOYBEANS:

The national average soybean basis for Thursday is at 54 cents under the November futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 31 cents under the December futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 36 cents under the Minneapolis December futures, 1 cent stronger than Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]

Mary Kennedy

Mary Kennedy
Connect with Mary: