DTN Daily Basis Comments
All Basis Moved Off July to Next Futures Month
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 Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.07 | $0.10 | -$0.21 | Sep | $0.003 |
Soybeans: | $8.20 | $0.02 | -$0.42 | Aug | $0.003 |
SRW Wheat: | $4.67 | $0.12 | -$0.19 | Sep | $0.017 |
HRW Wheat: | $4.09 | $0.08 | -$0.27 | Sep | -$0.008 |
HRS Wheat: | $4.79 | $0.03 | -$0.31 | Sep | $0.015 |
CORN:
The national average corn basis for Monday is at 21 cents under the September futures, unchanged from Friday’s basis.
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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
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