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 CashChange FromNationalContractChange from
CommodityIndexPrev DayAvg. BasisMonthPrev Day
Corn:$3.19$0.12-$0.22Sep-$0.009
Soybeans:$8.36$0.16-$0.43Aug-$0.012
SRW Wheat:$4.73$0.06-$0.19Sep$0.007
HRW Wheat:$4.17$0.08-$0.22Sep$0.046
HRS Wheat:$4.92$0.13-$0.29Sep$0.024

CORN:

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

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

Mary Kennedy

Mary Kennedy
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