DTN Daily Basis Comments

Soybean Basis Stronger

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 8 cents under the September futures contract and the DTN National Corn Index was down 8 cents at $4.27. The national average basis for soybeans was 1 cent stronger at 69 cents under the August futures contract and the DTN National Soybean Index was down 13 cents at $8.18. The national average basis for HRW wheat was 1 cent weaker at 22 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.25. 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 2 cents at $4.84.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.27 -$0.05 -$0.08 Sep $0.003
Soybeans: $8.18 -$0.13 -$0.69 Aug $0.008
SRW Wheat: $4.88 $0.00 -$0.20 Sep $0.001
HRW Wheat: $4.25 -$0.03 -$0.22 Sep -$0.007
HRS Wheat: $4.84 -$0.02 -$0.46 Sep $0.000

CORN:

The DTN National Corn Index for Tuesday indicated a national average basis of 8 cents under the Chicago September futures contract, unchanged from Monday's basis.

SOYBEANS:

The DTN National Soybean Index for Tuesday indicated a national average basis of 69 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, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Tuesday indicated a national average basis of 22 cents under the Kansas City September futures contract, 1 cent weaker 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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