DTN Daily Basis Comments

All Basis Moved Off July to Next Futures Month

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 21 cents under the September futures contract while the DTN National Corn Index was up 10 cents at $3.07. The national average basis for soybeans was unchanged at 42 cents under the August futures contract while the DTN National Soybean Index was up 2 cents at $8.20. The national average basis for HRW wheat was 1 cent weaker at 27 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 8 cents at $4.09. The national average basis for HRS wheat was 1 cent stronger at 31 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $4.76.

DTN CashChange FromNationalContractChange from
CommodityIndexPrev DayAvg. BasisMonthPrev Day
Corn:$3.07$0.10-$0.21Sep$0.003
Soybeans:$8.20$0.02-$0.42Aug$0.003
SRW Wheat:$4.67$0.12-$0.19Sep$0.017
HRW Wheat:$4.09$0.08-$0.27Sep-$0.008
HRS Wheat:$4.79$0.03-$0.31Sep$0.015

CORN:

The national average corn basis for Monday is at 21 cents under the September futures, unchanged from Friday’s basis.

SOYBEANS:

The national average soybean basis for Monday is at 42 cents under the August futures, unchanged from Friday’s basis.

SOFT RED WINTER WHEAT:

The national average soybean basis for Monday is at 42 cents under the August futures, unchanged from Friday’s basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 27 cents under the Kansas City September futures, 1 cent weaker than Friday’s basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 31 cents under the Minneapolis September futures, 1 cent stronger than Friday’s basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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