DTN Daily Basis Comments

Corn Basis Steady; Soybean Basis Stronger

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 17 cents under the December futures contract while the DTN National Corn Index was up 6 cents at $4.09. The national average basis for soybeans was 1 cent stronger at 50 cents under the January futures contract while the DTN National Soybean Index was up 6 cents at $11.26. The national average basis for HRW wheat was 1 cent weaker at 26 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $5.32. The national average basis for HRS wheat was unchanged at 24 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.26.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.09 $0.06 -$0.17 Dec $0.005
Soybeans: $11.26 $0.06 -$0.50 Jan $0.004
SRW Wheat: $5.71 $0.02 -$0.26 Dec -$0.007
HRW Wheat: $5.32 $0.05 -$0.26 Dec -$0.005
HRS Wheat: $5.26 $0.02 -$0.24 Dec $0.002

CORN:

The national average corn basis for Wednesday is at 17 cents under the December futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 50 cents under the January futures, 1 cent stronger than Tuesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 26 cents under the Kansas City December futures, 1 cent weaker than Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 24 cents under the Minneapolis December futures, unchanged from Tuesday's basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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