DTN Daily Basis Comments

Corn, Soybeans Basis Hold 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 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.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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