DTN Daily Basis Comments

Corn, Soybean Basis Weaker

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 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

Follow her on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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