DTN Daily Basis Comments

Soybean Basis Strengthens Friday

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 1 cent at $4.07. The national average basis for soybeans was 1 cent stronger at 49 cents under the January futures contract and the DTN National Soybean Index was up 4 cents at $11.32. The national average basis for HRW wheat was 1 cent stronger at 25 cents under the December futures contract and the DTN National Hard Red Winter Wheat Index was up 2 cents at $5.25. The national average basis for HRS wheat was 2 cents stronger at 21 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.23.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.07 $0.01 -$0.16 Dec $0.000
Soybeans: $11.32 $0.04 -$0.49 Jan $0.006
SRW Wheat: $5.68 $0.00 -$0.25 Dec -$0.015
HRW Wheat: $5.25 $0.02 -$0.25 Dec $0.003
HRS Wheat: $5.23 -$0.01 -$0.21 Dec $0.012

CORN:

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

SOYBEANS:

The national average soybean basis for Friday is at 49 cents under the January futures, 1 cent stronger than Thursday basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 25 cents under the December futures, 1 cent weaker than Thursday basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 25 cents under the Kansas City December futures, 1 cent stronger than Thursday basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 21 cents under the Minneapolis December futures, 2 cents stronger than Thursday basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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