DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 10 cents over the December futures contract, while the DTN National Corn Index was up 2 cents at $6.99. The national average basis for soybeans was 3 cents weaker at 32 cents under the November futures contract and the DTN National Soybean Index was down 8 cents at $14.25. The national average basis for hard red winter (HRW) wheat was unchanged at 42 cents under the December futures contract while the DTN National Hard Red Winter Wheat Index was up 12 cents at $9.38. The national average basis for hard red spring (HRS) wheat was unchanged at 53 cents under the December futures contract and the DTN National Hard Red Spring Wheat Index was up 13 cents at $9.25.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.99	$0.02	$0.10	Dec	-$0.008
Soybeans:	$14.25	-$0.08	-$0.32	Nov	-$0.034
SRW Wheat:	$8.44	$0.02	-$0.67	Dec	-$0.052
HRW Wheat:	$9.38	$0.12	-$0.42	Dec	-$0.002
HRS Wheat:	$9.25	$0.13	-$0.53	Dec	-$0.004

CORN:

The national average corn basis for Thursday is 10 cents over the December futures, 1 cent weaker than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is 32 cents under the November futures, 3 cents weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is 67 cents under the December futures, 5 cents weaker Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is 42 cents under the Kansas City December futures, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is 53 cents under the Minneapolis December futures, unchanged from Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

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