DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 42 cents under the December futures contract, while the DTN National Corn Index was unchanged at $3.82. The national average basis for soybeans was steady at 80 cents under the November futures contract, while the DTN National Soybean Index was down 12 cents at $9.45. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 78 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.30. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 57 cents under the MIAX Minneapolis December futures contract, and the DTN National Hard Red Spring Wheat Index was down 6 cents at $5.10.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.82	$0.00	-$0.42	Dec	$0.001
Soybeans:	$9.45	-$0.12	-$0.80	Nov	-$0.002
SRW Wheat:	$4.51	-$0.02	-$0.72	Dec	-$0.002
HRW Wheat:	$4.30	-$0.04	-$0.78	Dec	-$0.009
HRS Wheat:	$5.10	-$0.06	-$0.57	Dec	-$0.016

CORN:

The national average corn basis for Friday was 42 cents under the December futures, unchanged from Thursday's basis.

SOYBEAN:

The national average soybean basis for Friday was 80 cents under the November futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 72 cents under the December futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 78 cents under the Kansas City December futures, 1 cent weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 57 cents under the MIAX Minneapolis December futures, 1 cent weaker than Thursday's basis.

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

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