DTN Daily Basis Comments

Soybean Basis Weakens, Corn Steady

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 down 1 cent at $3.04. The national average basis for soybeans was 2 cents weaker at 53 cents under the August futures contract while the DTN National Soybean Index was unchanged at $8.54. The national average basis for HRW wheat was 1 cent stronger at 20 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 10 cents at $4.29. The national average basis for HRS wheat was unchanged at 35 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $4.73.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.04 -$0.01 -$0.21 Sep $0.003
Soybeans: $8.54 $0.00 -$0.53 Aug -$0.015
SRW Wheat: $5.08 -$0.12 -$0.20 Sep $0.001
HRW Wheat: $4.19 -$0.10 -$0.20 Sep $0.003
HRS Wheat: $4.73 -$0.07 -$0.35 Sep $0.001

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 53 cents under the August futures, 2 cents weaker from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 20 cents under the August futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 20 cents under the Kansas City September futures, 1 cent stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 35 cents under the Minneapolis September futures, unchanged from 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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