DTN Daily Basis Comments

Corn, All Wheat Basis Moved to Sep, Soybeans to Nov

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 92 cents over the September futures contract while the DTN National Corn Index was down 20 cents at $6.23. The national average basis for soybeans was 13 cents weaker at 33 cents over the November futures contract while the DTN National Soybean Index was down 35 cents at $13.03. The national average basis for HRW wheat was unchanged at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $5.87. The national average basis for HRS wheat was 4 cents stronger at 24 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 7 cents at $7.84.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.23 -$0.20 $0.92 Sep -$0.006
Soybeans: $13.03 -$0.35 $0.33 Nov -$0.134
SRW Wheat: $6.12 -$0.14 -$0.29 Sep -$0.031
HRW Wheat: $5.87 -$0.05 -$0.22 Sep $0.001
HRS Wheat: $7.84 $0.07 -$0.24 Sep $0.041

CORN:

The national average corn basis for Friday is at 92 cents over the September futures unchanged from Thursday's basis.

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SOYBEANS:

The national average soybean basis for Friday is at 33 cents over the November futures, 13 cents weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 29 cents under the September futures, 3 cents weaker than Thursday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 32 cents under the Minneapolis September futures, 4 cents stronger than Thursday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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