DTN Daily Basis Comments

Corn, Soybean, HRW Wheat Basis Unchanged Thursday

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 also unchanged at 50 cents under the November futures contract while the DTN National Soybean Index was down 9 cents at $8.55. The national average basis for HRW wheat was steady at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 4 cents at $4.20. 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 3 cents at $4.77.

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 -$0.003
Soybeans: $8.55 -$0.09 -$0.50 Nov -$0.003
SRW Wheat: $4.96 $0.07 -$0.23 Sep -$0.009
HRW Wheat: $4.20 $0.04 -$0.22 Sep -$0.001
HRS Wheat: $4.77 $0.03 -$0.36 Sep -$0.006

CORN:

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

SOYBEANS:

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

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 23 cents under the September futures, 1 cent weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

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