DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 38 cents under the December futures contract, while the DTN National Corn Index was down 4 at $4.10. The national average basis for soybeans was 2 cents stronger at 70 cents under the January futures, while the DTN National Soybean Index was up 2 cents at $11.64. The national average basis for hard red winter (HRW) wheat was steady at 64 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was down 1 cent at $5.80. The national average basis for hard red spring (HRS) wheat was steady at 40 cents under the MIAX Minneapolis December futures contract, and the DTN National Hard Red Spring Wheat Index was unchanged at $5.84.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.10	-$0.04	-$0.38	Dec	-$0.002
Soybeans:	$11.64	$0.02	-$0.70	Jan	$0.027
SRW Wheat:	$5.38	$0.01	-$0.66	Dec	$0.008
HRW Wheat:	$5.80	-$0.01	-$0.64	Dec	$0.001
HRS Wheat:	$5.84	$0.00	-$0.40	Dec	$0.006

CORN:

The national average corn basis for Friday was 38 cents under the December futures, unchanged from Thursday's basis. PNW basis is steady for FH Dec. at +110Z and CIF is steady at +85Z. Track St. Louis is steady at +19Z. Processors are mixed with Cedar Rapids, Iowa, is 3 cents stronger at -18Z; Fort Dodge, Iowa, is steady at -40Z; Council Bluffs, Iowa, is steady at -25Z; Des Moines, Iowa, is steady at -35Z; Clinton, Iowa is steady at -18Z by Oct. 25; Decatur, Illinois, is steady at option the Z by Nov. 8; MT. Vernon, Indiana, is 5 cents stronger at +5Z; Mitchell, South Dakota, is steady at -45Z; Blair, Nebraska, is steady at -18Z; Hastings, Nebraska (ethanol plant), is steady at -22Z; Lincoln, Nebraska, is 5 cents weaker at -50Z; Fremont, Nebraska, is steady at -50Z; Grand Island, Nebraska, is 2 cents stronger at -28; Siouxland Ethanol, Jackson Nebraska, is at -40Z; Garden City, Kansas, is steady at +10Z; Columbus, Nebraska, is 12 cents stronger at -20Z; Marion, Ohio, is steady at +10Z; Richardton, North Dakota, is steady at -50Z; Blue Flint, North Dakota, is steady at -50Z; Casselton, North Dakota, is steady at -65; St. Paul, Minnesota, is steady at -55Z; and Marshall, Minnesota, is 8 cents stronger at -52Z.

SOYBEAN:

The national average soybean basis for Friday was 70 cents under the January futures, 2 cents stronger than Thursday's basis. PNW basis for FH Nov. is steady at +140F; CIF basis is steady at +102F and track St. Louis is at +30F. River basis north of St. Louis on the Mississippi River at Quincy, Illinois, is 20 cents stronger at -8X; St. Paul, Minnesota, is 7 cents stronger at -55X and basis on the Illinois River at Havana, Illinois, is 2 cents weaker at -12X. Processors are mixed and moving to Jan.(F)with Council Bluffs, Iowa, at --45F; Des Moines, Iowa, is steady at -50Z; Cedar Rapids, Iowa, is steady at -45X; Sioux City, Iowa, is steady at --15F; Iowa Falls, Iowa, is 5 cents stronger at -20X; Decatur, Illinois, is steady at +6F; Spiritwood, North Dakota, is steady at -35F; NDSP Casselton, North Dakota, is at -35F; Hastings, Nebraska, is at -50F; Lincoln, Nebraska, is at --15X; Grand Island, Nebraska, is at -100F; Freemont, Nebraska, is steady at -5X; Norfolk Crush, Nebraska, is steady at -30X; Aberdeen, South Dakota, is steady at -60X; Mitchell, South Dakota, is steady at -30X; Volga, South Dakota, is steady at -55X; Sidney, Ohio, is steady at-20X, MT. Vernon, Indiana, is at +7F and Mankato, Minnesota, is steady at -10F. BN secondary shuttle freight for returns is not bid or offered, Nov. is not bid against offers of even money and Dec. is bid minus $200 under against offers of plus $100. UP secondary shuttle freight for returns is bid minus $200 under against no offers, Nov. is not bid against offers of even money and Dec. is not bid against offers of even money.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 66 cents under the December futures, 1 cent stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 64 cents under the Kansas City December futures, unchanged from Thursday's basis. Spot premiums were steady to higher, with ordinary protein up 5 at +105; 11% through 11.2% protein is steady at +105; 11.4% is steady at +132; 11.6 protein through 11.8% is up 5 at +140; 12% through 12.2% protein is up 2 at +137; 12.4% protein through 12.8% is steady at +127; 13% protein through 13.6% protein is steady at +130 and 13.8% protein through 14% protein is unchanged at +140. Gulf track bid for spot 11% protein is steady at +110 with no protein bumps. PNW 11.5% is unchanged at +95, while Texas Gulf basis for 11% protein is steady at +160.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 40 cents under the MIAX Minneapolis December, unchanged from Thursday's basis. The MIAX Futures Exchange LLC floor trading summary of spot milling spring wheat cash premiums closed as follows, basis the December MIAX spring wheat futures: 12% proteins were not quoted; 13% proteins are unchanged to up 20 at +160 to plus 180; 13.5% proteins are down 35 at +165; 14% proteins are unchanged at +210; 14.5% proteins are unchanged at +170N; 15% proteins are down 20 to unchanged at +160 to +240 and 16% proteins are not quoted. Wheat receipts on the exchange floor were 17 cars, which includes zero train(s). Bid (B), Ask (A), Nominal (N). Minneapolis Daily Spot Grain Prices are delivered Chicago/Beyond freight.

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

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