DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 3 cents weaker at 8 cents over the December futures contract while the DTN National Corn Index was up 4 cents at $5.25. The national average basis for soybeans was unchanged at 43 cents under the November futures contract while the DTN National Soybean Index was up 15 cents at $12.43. The national average basis for HRW wheat was unchanged at 19 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $6.64. The national average basis for HRS wheat was 1 cent weaker at 12 cents under the December futures contract while the DTN National Hard Red Spring Wheat Index was up 5 cents at $8.67.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$5.25	$0.04	$0.08	Dec	-$0.034
Soybeans:	$12.43	$0.15	-$0.43	Nov	-$0.007
SRW Wheat:	$6.28	-$0.03	-$0.61	Dec	$0.004
HRW Wheat:	$6.64	$0.00	-$0.19	Dec	$0.005
HRS Wheat:	$8.67	$0.05	-$0.12	Dec	-$0.008

CORN:

The national average corn basis for Friday is at 8 cents over the December futures, 3 cents weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at 43 cents under the November futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 61 cents under the December futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 19 cents under the Kansas City December futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 12 cents under the Minneapolis December futures, 1 cent weaker than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

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