DTN Daily Basis Comments

Corn, Soybean Basis Hold Steady Monday

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 16 cents under the December futures contract while the DTN National Corn Index was up 4 cents at $4.11. The national average basis for soybeans was also unchanged at 49 cents under the January futures contract while the DTN National Soybean Index was up 10 cents at $11.42. The national average basis for HRW wheat was unchanged at 25 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 1 cent at $5.26. The national average basis for HRS wheat was 1 cent weaker at 22 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was down 2 cents at $5.21.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.11 $0.04 -$0.16 Dec $0.003
Soybeans: $11.42 $0.10 -$0.49 Jan -$0.003
SRW Wheat: $5.73 $0.05 -$0.25 Dec -$0.003
HRW Wheat: $5.26 $0.01 -$0.25 Dec $0.004
HRS Wheat: $5.21 -$0.02 -$0.22 Dec -$0.003

CORN:

The national average corn basis for Monday is at 16 cents under the December futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 49 cents under the January futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 25 cents under the December futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 25 cents under the Kansas City December futures, unchanged from Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 22 cents under the Minneapolis December futures, 1 cent weaker than Friday'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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