DTN Daily Basis Comments

Corn Basis Stronger

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
Connect with Mary:
DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 7 cents under the September futures contract and the DTN National Corn Index was down 2 cents at $3.53. The national average basis for soybeans was unchanged at 83 cents under the November futures contract while the DTN National Soybean Index was up 3 cents at $7.86. The national average basis for HRW wheat was unchanged at 21 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $3.66. The national average basis for HRS wheat was 3 cents stronger at 45 cents under the September futures contract, while the DTN National Hard Red Spring Wheat Index was down 5 cents at $4.35.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.53 -$0.02 -$0.07 Sep $0.012
Soybeans: $7.86 $0.03 -$0.83 Nov $0.002
SRW Wheat: $4.55 -$0.02 -$0.15 Sep $0.000
HRW Wheat: $3.66 -$0.04 -$0.21 Sep $0.005
HRS Wheat: $4.35 -$0.05 -$0.45 Sep $0.029

CORN:

The DTN National Corn Index for Thursday indicated a national average basis of 7 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 83 cents under the Chicago November 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, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Thursday indicated a national average basis of 21 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 45 cents under the Minneapolis September futures contract, 3 cents stronger than Wednesday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BE)

Mary Kennedy

Mary Kennedy
Connect with Mary: