DTN Daily Basis Comments

Corn, Wheat Basis Moved to September; Soybean Basis to August

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 1 cent stronger at 21 cents under the September futures contract while the DTN National Corn Index was down 2 cents at $4.25. The national average basis for soybeans was unchanged at 80 cents under the August futures contract while the DTN National Soybean Index was down 6 cents at $8.14. The national average basis for HRW wheat was unchanged at 30 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $4.52. The national average basis for HRS wheat was unchanged 2 cents stronger at 49 cents under the September futures contract and the DTN National Hard Red Spring Wheat Index was up 4 cents at $5.13.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.25 -$0.02 -$0.21 Sep $0.013
Soybeans: $8.14 -$0.06 -$0.80 Aug $0.001
SRW Wheat: $5.32 $0.02 -$0.15 Sep $0.015
HRW Wheat: $4.52 $0.00 -$0.30 Sep $0.001
HRS Wheat: $5.13 $0.04 -$0.49 Sep $0.023

CORN:

The DTN National Corn Index for Thursday indicated a national average basis of 21 cents under the Chicago September futures contract, 1 cent stronger than Wednesday's basis.

SOYBEANS:

The DTN National Soybean Index for Thursday indicated a national average basis of 80 cents under the Chicago August futures contract, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter (SRW) Wheat Index for Thursday indicated a national average basis of 15 cents under the Chicago September futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Thursday indicated a national average basis of 30 cents under the Kansas City September futures contract, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring (HRS) Wheat Index for Thursday indicated a national average basis of 49 cents under the Minneapolis September futures contract, 2 cents stronger than Wednesday'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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