DTN Daily Basis Comments

Corn Basis Climbs Higher

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 2 cent stronger at 11 cents under the September futures contract and the DTN National Corn Index was down 6 cents at $4.21. The national average basis for soybeans was 1 cent stronger at 72 cents under the August futures contract and the DTN National Soybean Index was up 7 cents at $8.14. The national average basis for HRW wheat was 1 cent stronger at 21 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was down 1 cent at $4.18. The national average basis for HRS wheat was unchanged at 46 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 6 cents at $4.81.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.21 -$0.06 -$0.11 Sep $0.013
Soybeans: $8.14 $0.07 -$0.72 Aug $0.004
SRW Wheat: $4.83 -$0.09 -$0.20 Sep -$0.011
HRW Wheat: $4.18 -$0.01 -$0.21 Sep $0.004
HRS Wheat: $4.81 -$0.06 -$0.46 Sep $0.003

CORN:

The DTN National Corn Index for Tuesday indicated a national average basis of 11 cents under the Chicago September futures contract, 2 cents stronger than Monday's basis.

SOYBEANS:

The DTN National Soybean Index for Tuesday indicated a national average basis of 72 cents under the Chicago August futures contract, 1 cent stronger than Monday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter (SRW) Wheat Index for Tuesday indicated a national average basis of 20 cents under the Chicago September futures, 1 cent weaker than Monday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Tuesday indicated a national average basis of 21 cents under the Kansas City September futures contract, 1 cent stronger than Monday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring (HRS) Wheat Index for Tuesday indicated a national average basis of 46 cents under the Minneapolis September futures contract, unchanged from Monday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

Mary Kennedy

Mary Kennedy
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