DTN Daily Basis Comments

Corn, Soybeans 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 4 cents at $3.06. The national average basis for soybeans was unchanged at 50 cents under the November futures contract while the DTN National Soybean Index was down 1 cent at $8.64. The national average basis for HRW wheat was 1 cent stronger at 21 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 7 cents at $4.09. 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 up 2 cents at $4.71.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.06 -$0.04 -$0.21 Sep $0.002
Soybeans: $8.64 -$0.01 -$0.50 Nov $0.000
SRW Wheat: $4.85 -$0.09 -$0.22 Sep $0.003
HRW Wheat: $4.09 -$0.07 -$0.21 Sep $0.005
HRS Wheat: $4.71 $0.02 -$0.36 Sep -$0.002

CORN:

The national average corn basis for Tuesday is at 21 cents under the September futures, unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 50 cents under the November futures, unchanged from than Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 22 cents under the September futures, 1 cent stronger than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 21 cents under the Kansas City September futures, 1 cent stronger than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 36 cents under the Minneapolis September futures, unchanged from Monday'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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