DTN Daily Basis Comments
Corn, Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 22 cents under the September futures contract while the DTN National Corn Index was up 12 cents at $3.19. The national average basis for soybeans was 1 cent weaker at 43 cents under the August futures contract while the DTN National Soybean Index was up 16 cents at $8.36. The national average basis for HRW wheat was 5 cents stronger at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 8 cents at $4.17. The national average basis for HRS wheat was 2 cents stronger at 29 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 13 cents at $4.92.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.19 | $0.12 | -$0.22 | Sep | -$0.009 |
Soybeans: | $8.36 | $0.16 | -$0.43 | Aug | -$0.012 |
SRW Wheat: | $4.73 | $0.06 | -$0.19 | Sep | $0.007 |
HRW Wheat: | $4.17 | $0.08 | -$0.22 | Sep | $0.046 |
HRS Wheat: | $4.92 | $0.13 | -$0.29 | Sep | $0.024 |
CORN:
The national average corn basis for Tuesday is at 21 cents under the September futures, unchanged from Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 42 cents under the August futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 19 cents under the August futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 27 cents under the Kansas City September futures, 5 cents stronger than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 31 cents under the Minneapolis September futures, 2 cents stronger than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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