DTN Daily Basis Comments

Soybean, Corn Basis Stronger

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 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

Follow her on social platform X @MaryCKenn

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Mary Kennedy

Mary Kennedy
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