DTN Daily Basis Comments

Soybean Basis Unchanged

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 $3.03. The national average basis for soybeans was unchanged at 49 cents under the November futures contract while the DTN National Soybean Index was down 1 cent at $8.49. The national average basis for HRW wheat was unchanged at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $4.04. The national average basis for HRS wheat was unchanged at 36 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $4.61.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.03 -$0.01 -$0.21 Sep -$0.002
Soybeans: $8.49 -$0.01 -$0.49 Nov $0.001
SRW Wheat: $4.78 $0.04 -$0.22 Sep $0.003
HRW Wheat: $4.04 $0.00 -$0.21 Sep -$0.003
HRS Wheat: $4.61 $0.00 -$0.36 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 49 cents under the November futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 22 cents under the September futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 22 cents under the Kansas City September futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 36 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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