DTN Daily Basis Comments
Corn Basis Stronger Again
The national average basis for corn was 1 cent stronger at 10 cents under the September futures contract and the DTN National Corn Index was up 4 cents at $4.25. The national average basis for soybeans was unchanged at 72 cents under the August futures contract and the DTN National Soybean Index was up 9 cents at $8.23. The national average basis for HRW wheat was unchanged at 21 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.20. 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 up 2 cents at $4.82.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.25 | $0.04 | -$0.10 | Sep | $0.013 |
Soybeans: | $8.23 | $0.09 | -$0.72 | Aug | $0.004 |
SRW Wheat: | $4.85 | $0.02 | -$0.20 | Sep | $0.003 |
HRW Wheat: | $4.20 | $0.02 | -$0.21 | Sep | -$0.001 |
HRS Wheat: | $4.82 | $0.02 | -$0.46 | Sep | -$0.006 |
The DTN National Corn Index for Wednesday indicated a national average basis of 10 cents under the Chicago September futures contract, 1 cent stronger than Tuesday's basis.
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The DTN National Soybean Index for Wednesday indicated a national average basis of 72 cents under the Chicago August futures contract, unchanged from Tuesday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Wednesday indicated a national average basis of 20 cents under the Chicago September futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Wednesday indicated a national average basis of 21 cents under the Kansas City September futures contract, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Wednesday indicated a national average basis of 46 cents under the Minneapolis September futures contract, unchanged from Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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