DTN Daily Basis Comments
Corn and Soy Basis Stronger
The national average basis for corn was 1 cent stronger at 7 cents under the September futures contract and the DTN National Corn Index was down 1 cent at $4.17. The national average basis for soybeans was 1 cent stronger at 68 cents under the August futures contract and the DTN National Soybean Index was up 6 cents at $8.23. The national average basis for HRW wheat was unchanged at 23 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was up 8 cents at $4.17. The national average basis for HRS wheat was unchanged at 47 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $4.75.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.17 | -$0.01 | -$0.07 | Sep | $0.004 |
Soybeans: | $8.23 | $0.06 | -$0.68 | Aug | $0.008 |
SRW Wheat: | $4.78 | $0.10 | -$0.19 | Sep | -$0.006 |
HRW Wheat: | $4.17 | $0.08 | -$0.23 | Sep | $0.000 |
HRS Wheat: | $4.75 | $0.02 | -$0.47 | Sep | $0.002 |
The DTN National Corn Index for Wednesday indicated a national average basis of 7 cents under the Chicago September futures contract, 1 cent stronger than Tuesday's basis.
SOYBEANS:The DTN National Soybean Index for Wednesday indicated a national average basis of 68 cents under the Chicago August futures contract, 1 cent stronger than Tuesday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Wednesday indicated a national average basis of 19 cents under the Chicago September futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Wednesday indicated a national average basis of 23 cents under the Kansas City September futures contract, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Wednesday indicated a national average basis of 47 cents under the Minneapolis September futures contract, unchanged from Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
(CZ)
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