DTN Daily Basis Comments
Corn, Soybean Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 74 cents over the September futures contract while the DTN National Corn Index was down 7 cents at $6.39. The national average basis for soybeans was unchanged at 39 cents over the November futures contract while the DTN National Soybean Index was down 28 cents at $14.02. The national average basis for HRW wheat was 1 cent stronger at 18 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 14 cents at $6.35. The national average basis for HRS wheat was 1 cent stronger at 22 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 6 cents at $8.82.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.39 | -$0.07 | $0.74 | Sep | -$0.001 |
Soybeans: | $14.02 | -$0.28 | $0.39 | Nov | -$0.001 |
SRW Wheat: | $6.52 | -$0.17 | -$0.40 | Sep | $0.014 |
HRW Wheat: | $6.35 | -$0.14 | -$0.18 | Sep | $0.007 |
HRS Wheat: | $8.82 | $0.06 | -$0.22 | Sep | $0.002 |
CORN:
The national average corn basis for Thursday is at 74 cents over the September futures unchanged from Wednesday's basis.
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SOYBEAN:
The national average soybean basis for Thursday is at 39 cents over the November futures, unchanged from Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 40 cents under the September futures, 1 cent stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 18 cents under the Kansas City September futures, 1 cent stronger than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 22 cents under the Minneapolis September futures, 1 cent stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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