NEWS
DTN Daily Basis Comments
Mary Kennedy DTN Basis Analyst
Mon Nov 26, 2012 05:06 PM CST

Comments: The cash price for all grains was higher Monday with some of the focus landing on the KCBT HRW futures. Traders expected the USDA Monday progress report to show the negative effects of the warm, dry weather conditions that have plagued the Plains and parts of the Midwest winter wheat areas. The afternoon basis bids from Dow Jones shows the river basis for both corn and soybeans lower Monday afternoon. Spot barge freight is higher as river conditions worsen in the mid Mississippi.

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