DTN Daily Basis Comments

Corn, Soybean Basis Unchanged

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 unchanged at 33 cents under the September futures contract while the DTN National Corn Index was up 8 cents at $3.27. The national average basis for soybeans was unchanged at 60 cents under the August futures contract, while the DTN National Soybean Index was up 38 cents at $8.17. The national average basis for HRW wheat was unchanged at 23 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was up 10 cents at $4.90. The national average basis for HRS wheat was unchanged at 25 cents under the September futures contract, while the DTN National Hard Red Spring Wheat Index was up 11 cents at $5.33.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.27 $0.08 -$0.33 Sep $0.001
Soybeans: $8.17 $0.38 -$0.60 Aug -$0.001
SRW Wheat: $4.89 $0.09 -$0.26 Sep -$0.006
HRW Wheat: $4.90 $0.10 -$0.23 Sep $0.004
HRS Wheat: $5.33 $0.11 -$0.25 Sep -$0.001

CORN:

The DTN National Corn Index for Friday indicated a national average basis of 33 cents under the Chicago September futures contract, unchanged from Thursday's basis.

SOYBEANS:

The DTN National Soybean Index for Friday indicated a national average basis of 60 cents under the Chicago August futures contract, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 26 cents under the Chicago September futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 23 cents under the Kansas City September futures contract, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 25 cents under the Minneapolis September futures contract, unchanged from Thursday'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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