DTN Daily Basis Comments
Corn, Soybeans Basis Hold Steady
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 $3.04. The national average basis for soybeans was unchanged at 50 cents under the November futures contract and the DTN National Soybean Index was also unchanged at $8.64. The national average basis for HRW wheat was 1 cent weaker at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 7 cents at $4.16. 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 $4.74.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.04 | -$0.02 | -$0.21 | Sep | -$0.001 |
Soybeans: | $8.64 | $0.00 | -$0.50 | Nov | $0.002 |
SRW Wheat: | $4.90 | $0.05 | -$0.22 | Sep | $0.001 |
HRW Wheat: | $4.16 | $0.07 | -$0.22 | Sep | -$0.005 |
HRS Wheat: | $4.74 | $0.03 | -$0.36 | Sep | $0.001 |
CORN:
The national average corn basis for Wednesday is at 21 cents under the September futures, unchanged from Tuesday's basis.
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SOYBEANS:
The national average soybean basis for Wednesday is at 50 cents under the November futures, unchanged from than Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 22 cents under the September futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 22 cents under the Kansas City September futures, 1 cent weaker than Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 36 cents under the Minneapolis September futures, unchanged from Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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