DTN Daily Basis Comments

HRW, HRS Wheat Basis Levels Strengthen Monday

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 up 5 cents at $3.11. The national average basis for soybeans was also unchanged at 51 cents under the November futures contract while the DTN National Soybean Index was up 1 cent at $8.55. 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 10 cents at $4.14. The national average basis for HRS wheat was 1 cent stronger at 35 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 9 cents at $4.70.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.11 $0.05 -$0.21 Sep -$0.002
Soybeans: $8.55 $0.01 -$0.51 Nov $0.002
SRW Wheat: $4.98 -$0.06 -$0.23 Sep $0.002
HRW Wheat: $4.14 -$0.10 -$0.21 Sep $0.004
HRS Wheat: $4.70 -$0.09 -$0.35 Sep $0.002

CORN:

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

SOYBEANS:

The national average soybean basis for Monday is at 51 cents under the November futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 23 cents under the September futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 35 cents under the Minneapolis September futures, 1 cent stronger than Friday'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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