DTN Daily Basis Comments

Corn, Hard Red Spring Wheat Basis Strengthen Tuesday

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 1 cent stronger at 15 cents under the December futures contract while the DTN National Corn Index was down 1 cent at $4.10. The national average basis for soybeans was unchanged at 49 cents under the January futures contract and the DTN National Soybean Index was also unchanged 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 10 cents at $5.36. The national average basis for HRS wheat was 1 cent stronger at 21 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was up 9 cents at $5.30.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.10 -$0.01 -$0.15 Dec $0.002
Soybeans: $11.42 $0.00 -$0.49 Jan $0.004
SRW Wheat: $5.86 $0.13 -$0.25 Dec $0.002
HRW Wheat: $5.36 $0.10 -$0.25 Dec $0.003
HRS Wheat: $5.30 $0.09 -$0.21 Dec $0.008

CORN:

The national average corn basis for Tuesday is at 15 cents under the December futures, 1 cent stronger than Monday's basis.

SOYBEANS:

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

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 21 cents under the Minneapolis December futures, 1 cent stronger than Monday'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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