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DTN's Daily Basis Comments

DTN Daily Basis Comments

Corn, Soybean Basis Steady

The national average basis for corn was unchanged at 39 cents under the May futures contract while the DTN National Corn Index was unchanged at $3.17. The national average basis for soybeans was unchanged at 77 cents under the May futures contract while the DTN National Soybean Index was down 16 cents at $8.99. The national average basis for HRW wheat was 1 cent stronger at 91 cents under the May futures contract, while the DTN National Hard Red Winter Wheat Index was unchanged at $3.37. The national average basis for HRS wheat was unchanged at 41 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was down 5 cents at $5.95.

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MyDTN Premium Content Spotlight:

Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
May 17 3.5625 -0.0050
Jul 17 3.6375 -0.0075
Dec 17 3.7950 -0.0050
May 17 - Jul 17
Spread -$0.0750 Neutral

Trends

Monthly Trend Up
Weekly Trend Down

Market Structure

Seasonal Index

The market tends to trend down through August.

Positions

2016: 100% of 2016 production sold 2017: 75% expected production covered w/Dec 17 $3.80 puts @ approx. $0.30 2017: 25% expected production priced w/Dec 17 @ $3.90 ($3.98-$0.08 net puts)
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