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DTN's Daily Basis Comments

DTN Daily Basis Comments

Monday Morning Basis Update

The national average basis for corn was steady at 38 cents under the September futures contract while the DTN National Corn Index was up 2 cents at $3.14. The national average basis for soybeans was steady at 62 cents under the November futures contract while the DTN National Soybean Index was up 5 cents at $8.76. The national average basis for HRW wheat was unchanged at 67 cents under the September futures contract, and the DTN National Hard Red Winter Wheat Index was also unchanged at $3.47. The national average basis for HRS wheat was steady at 42 cents under the September future contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $6.27.

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MyDTN Premium Content Spotlight:

Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Sep 17 3.5200 0.0150
Dec 17 3.6575 0.0150
Mar 18 3.7775 0.0150
Dec 17 - Mar 18
Spread -$0.1200 Bearish

Trends

Monthly Trend Sideways
Weekly Trend Up

Market Structure

Moderately Bullish - Type 3

Seasonal Index

The market tends to trend down through early October.

Positions

2017: 25% expected production priced w/Dec 17 @ $3.90 ($3.98-$0.08 net puts) 2017: 25% expected production priced w/Dec 17 @ $3.91 ($4.07-$0.16 net puts) 2017: 50% expected production open w/Dec 17 @ $3.60 ($3.74-$0.14 net puts)
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