DTN Daily Basis Comments

Soybean, Corn Basis 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 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.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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