DTN Daily Basis Comments

Corn, Soy Basis Steady

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.05 -$0.04 -$0.37 Sep -$0.001
Soybeans: $8.77 $0.01 -$0.61 Nov $0.004
SRW Wheat: $3.75 $0.00 -$0.28 Sep -$0.007
HRW Wheat: $3.32 -$0.01 -$0.66 Sep -$0.001
HRS Wheat: $6.00 -$0.01 -$0.39 Sep $0.005

CORN:

The DTN National Corn Index for Wednesday indicated a national average basis of 37 cents under the Chicago September futures contract, unchanged from Tuesday's basis.

SOYBEANS:

The DTN National Soybean Index for Wednesday indicated a national average basis of 61 cents under the Chicago November futures contract, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Wednesday indicated a national average basis of 28 cents under the Chicago September futures, 1 cent stronger than Tuesday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Wednesday indicated a national average basis of 66 cents under the Kansas City September futures contract, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Wednesday indicated a national average basis of 39 cents under the Minneapolis September futures contract, 1 cent stronger than Tuesday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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