DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 34 cents under the December futures contract, while the DTN National Corn Index was down 2 cents at $4.06. The national average basis for soybeans was 1 cent stronger at 60 cents under the January futures, while the DTN National Soybean Index was down 5 cents at $11.28. The national average basis for hard red winter (HRW) wheat was steady at 63 cents under the December futures contract, while the DTN National Hard Red Winter Wheat Index was unchanged at $5.70. The national average basis for hard red spring (HRS) wheat was steady at 32 cents under the MIAX Minneapolis December futures contract, and the DTN National Hard Red Spring Wheat Index was up 6 cents at $5.90..

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.06	-$0.02	-$0.34	Dec	$0.007
Soybeans:	$11.28	-$0.05	-$0.60	Jan	$0.009
SRW Wheat:	$5.26	-$0.02	-$0.62	Dec	$0.016
HRW Wheat:	$5.70	$0.00	-$0.63	Dec	$0.001
HRS Wheat:	$5.90	$0.06	-$0.32	Dec	$0.000

CORN:

The national average corn basis for Monday was 34 cents under the December futures, unchanged from Friday's basis.

SOYBEAN:

The national average soybean basis for Monday was 60 cents under the November futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday was 62 cents under the December futures, 2 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday was 63 cents under the Kansas City December futures, unchanged from Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday was 32 cents under the MIAX Minneapolis December, unchanged from Friday's basis.

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

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