DTN Daily Basis Comments
Soybean, Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was one cent weaker at 21 cents under the September futures contract while the DTN National Corn Index was up 1 cent at $2.96. The national average basis for soybeans was 2 cents weaker at 49 cents under the November futures contract while the DTN National Soybean Index was up 2 cents at $8.47. The national average basis for HRW wheat was 2 cents weaker at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 14 cents at $4.09. The national average basis for HRS wheat was 3 cents stronger at 35 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 5 cents at $4.71.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $2.96 | $0.01 | -$0.22 | Sep | -$0.002 |
Soybeans: | $8.47 | $0.02 | -$0.49 | Nov | -$0.020 |
SRW Wheat: | $5.04 | -$0.06 | -$0.17 | Sep | $0.038 |
HRW Wheat: | $4.09 | -$0.14 | -$0.22 | Sep | -$0.021 |
HRS Wheat: | $4.71 | -$0.05 | -$0.35 | Sep | $0.026 |
CORN:
The national average corn basis for Monday is at 22 cents under the September futures, 1 cent weaker than Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is at 49 cents under the November futures, 2 cents weaker than Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 17 cents under the September futures, 4 cents stronger than Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 22 cents under the Kansas City September futures, 2 cents weaker 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, 3 cents stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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