DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 19 cents under the December futures contract while the DTN National Corn Index was up 4 cents at $3.90. The national average basis for soybeans was 1 cent weaker at 51 cents under the January futures contract while the DTN National Soybean Index was up 17 cents at $10.53. The national average basis for HRW wheat was unchanged at 26 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 4 cents at $5.37. The national average basis for HRS wheat was unchanged at 26 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 4 cents at $5.35.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.90	$0.04	-$0.19	Dec	-$0.004
Soybeans:	$10.53	$0.17	-$0.51	Jan	-$0.005
SRW Wheat:	$5.80	$0.03	-$0.30	Dec	$0.002
HRW Wheat:	$5.37	$0.04	-$0.26	Dec	$0.003
HRS Wheat:	$5.35	$0.04	-$0.26	Dec	$0.003

CORN:

The national average corn basis for Thursday is at 19 cents under the December futures, unchanged from Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 51 cents under the January futures, 1 cent weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 26 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 26 cents under the Minneapolis December futures, unchanged from Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

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