DTN Daily Basis Comments

Corn, Soybean Basis Steady

Mary Kennedy , DTN Basis Analyst
DAILY BASIS:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $2.93 -$0.04 -$0.31 Sep -$0.001
Soybeans: $9.46 -$0.30 -$0.30 Nov -$0.001
SRW Wheat: $3.68 -$0.04 -$0.34 Sep -$0.008
HRW Wheat: $3.15 -$0.02 -$0.90 Sep $0.001
HRS Wheat: $4.51 -$0.04 -$0.46 Sep $0.001

CORN:

The DTN National Corn Index for Thursday indicates a national average basis of 31 cents under the Chicago September futures contract, unchanged from Wednesday's basis.

SOYBEAN:

The DTN National Soybean Index for Thursday indicates a national average basis of 30 cents under the Chicago November futures contract, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Thursday indicates a national average basis of 34 cents under the Chicago September futures, 1 cent weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Thursday indicates a national average basis of 90 cents under the Kansas City September futures contract, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Thursday indicates a national average basis of 46 cents under the Minneapolis September futures contract, unchanged from Wednesday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow Mary Kennedy on Twitter @MaryCKenn

(ES)

Mary Kennedy

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