DTN Daily Basis Comments
Corn, All Wheat Basis Moved to Sep, Soybeans to Nov
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
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