DTN Daily Basis Comments
Corn, Soybean Basis Stronger
The national average basis for corn was 1 cent stronger at 9 cents under the September futures contract while the DTN National Corn Index was down 18 cents at $3.57. The national average basis for soybeans was 1 cent stronger at 84 cents under the November futures contract while the DTN National Soybean Index was up 10 cents at $8.05. The national average basis for HRW wheat was unchanged at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 9 cents at $3.61. The national average basis for HRS wheat was down 1 cent at 50 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $4.54.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.57 | -$0.18 | -$0.09 | Sep | $0.008 |
Soybeans: | $8.05 | $0.10 | -$0.84 | Nov | $0.005 |
SRW Wheat: | $4.56 | $0.01 | -$0.16 | Sep | $0.005 |
HRW Wheat: | $3.61 | -$0.09 | -$0.22 | Sep | $0.000 |
HRS Wheat: | $4.54 | -$0.07 | -$0.50 | Sep | -$0.008 |
The DTN National Corn Index for Tuesday indicated a national average basis of 9 cents under the Chicago September futures contract, 1 cent stronger than Monday basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 84 cents under the Chicago November futures contract, 1 cents stronger than Monday basis.
The DTN National Soft Red Winter (SRW) Wheat Index for Tuesday indicated a national average basis of 16 cents under the Chicago September futures, unchanged from Monday 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, unchanged from Monday basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Tuesday indicated a national average basis of 50 cents under the Minneapolis September futures contract, 1 cent weaker from Monday basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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