DTN Daily Basis Comments
Soybean, Corn Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 2 cents stronger at 30 cents under the September futures contract, while the DTN National Corn Index was up 7 cents at $3.92. The national average basis for soybeans was 4 cents stronger at 47 cents under the August futures, while the DTN National Soybean Index was up 13 cents at $10.87. The national average basis for hard red winter (HRW) wheat was 2 cents stronger at 60 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was up 12 cents at $5.75. The national average basis for hard red spring (HRS) wheat was 2 cents stronger at 51 cents under the MIAX Minneapolis September futures contract, while the DTN National Hard Red Spring Wheat Index was up 14 cents at $5.68.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.92 | $0.07 | -$0.30 | Sep | $0.012 |
| Soybeans: | $10.87 | $0.13 | -$0.47 | Aug | $0.043 |
| SRW Wheat: | $5.48 | $0.14 | -$0.52 | Sep | $0.032 |
| HRW Wheat: | $5.75 | $0.12 | -$0.60 | Sep | $0.023 |
| HRS Wheat: | $5.68 | $0.14 | -$0.51 | Sep | $0.023 |
CORN:
The national average corn basis for Thursday was 30 cents under the September futures, 2 cents stronger than Wednesday's basis.
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SOYBEAN:
The national average soybean basis for Thursday was 47 cents under the August futures 4 cents stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday was 52 cents under the September futures, 3 cents stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday was 60 cents under the Kansas City September futures, 2 cents stronger than Wednesday's basis
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday was 51 cents under the MIAX Minneapolis September futures, 2 cents stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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