DTN Daily Basis Comments
Soybean, Corn Basis Steady
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 2 cents at $3.05. The national average basis for soybeans was unchanged at 51 cents under the August futures contract while the DTN National Soybean Index was down 1 cent at $8.54. The national average basis for HRW wheat was 1 cent weaker at 21 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 8 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 up 5 cents at $4.80.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.05 | -$0.02 | -$0.21 | Sep | -$0.001 |
Soybeans: | $8.54 | -$0.01 | -$0.51 | Aug | $0.000 |
SRW Wheat: | $5.19 | $0.09 | -$0.20 | Sep | -$0.006 |
HRW Wheat: | $4.29 | $0.08 | -$0.21 | Sep | -$0.004 |
HRS Wheat: | $4.80 | $0.05 | -$0.35 | Sep | -$0.001 |
CORN:
The national average corn basis for Friday is at 21 cents under the September futures, unchanged from Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is at 51 cents under the August futures, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is at 20 cents under the August futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is at 21 cents under the Kansas City September futures, 1 cent weaker than Thursday's basis.
HARD RED SPRING WHEAT:
: The national average HRS wheat basis for Friday is at 35 cents under the Minneapolis September futures, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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