DTN Daily Basis Comments
Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 2 cents weaker at 75 cents over the September futures contract, while the DTN National Corn Index was down 3 cents at $6.84. The national average basis for soybeans was 1 cent stronger at 59 cents over the November futures contract while the DTN National Soybean Index was down 8 cents at $14.59. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 47 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 1 cent at $8.01. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 50 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $8.31.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.84 | -$0.03 | $0.75 | Sep | -$0.017 |
Soybeans: | $14.59 | -$0.08 | $0.59 | Nov | $0.005 |
SRW Wheat: | $7.26 | $0.06 | -$0.54 | Sep | $0.019 |
HRW Wheat: | $8.01 | -$0.01 | -$0.47 | Sep | -$0.004 |
HRS Wheat: | $8.31 | -$0.07 | -$0.50 | Sep | -$0.015 |
CORN:
The national average corn basis for Monday is 75 cents over the September futures, 2 cents weaker than Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is at 59 cents over the November futures, 1 cent stronger than Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 54 cents under the September futures, 2 cents stronger than Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 47 cents under the Kansas City September futures, 1 cent weaker than Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday is at 50 cents under the Minneapolis September futures, 1 cents weaker than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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