DTN Daily Basis Comments

Corn, Soybean Basis Unchanged

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

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 down 9 cents at $3.89. The national average basis for soybeans was unchanged at 52 cents under the January futures contract while the DTN National Soybean Index was down 7 cents at $10.94. 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 down 10 cents at $5.18. The national average basis for HRS wheat was unchanged at 25 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 6 cents at $5.24.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.89 -$0.09 -$0.19 Dec $0.005
Soybeans: $10.94 -$0.07 -$0.52 Jan $0.003
SRW Wheat: $5.59 -$0.10 -$0.29 Dec -$0.005
HRW Wheat: $5.18 -$0.10 -$0.26 Dec $0.006
HRS Wheat: $5.24 -$0.06 -$0.25 Dec $0.004

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 52 cents under the January futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 29 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 25 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

Mary Kennedy

Mary Kennedy
Connect with Mary: