DTN Daily Basis Comments

Corn Basis Unchanged; Soybean Basis Weaker

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

Due to our technical difficulties that started Monday, basis levels will be compared to Friday, Sept. 6 basis levels and change from previous day column next to basis tonight won't be applicable due to corrections made the past four days. The corn basis is unchanged from Friday's basis; the soybean basis is 1 cent weaker than Friday's basis, the soft red winter (SRW) wheat basis is unchanged from Friday's basis, hard red winter (HRW) wheat basis is 2 cents stronger than Friday's basis and hard red spring (HRS) wheat basis is 5 cents stronger from Friday's basis.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.53 $0.06 -$0.15 Dec -$0.000
Soybeans: $8.11 $0.25 -$0.84 Nov -$0.000
SRW Wheat: $4.66 $0.03 -$0.18 Dec -$0.000
HRW Wheat: $3.72 $0.01 -$0.31 Dec -$0.000
HRS Wheat: $4.49 $0.04 -$0.59 Dec -$0.000

CORN:

The DTN national average corn basis is at 15 cents under the December futures, unchanged from Friday's basis.

SOYBEANS:

The DTN national average soybean basis is at 84 cents under the November futures, 1 cent weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The DTN national average SRW wheat basis is at 18 cents under the Chicago December futures and is unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The DTN national average HRW wheat basis is at 31 cents under the Kansas City December futures and is 2 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis is at 59 cents under the Minneapolis December futures and is 5 cents stronger than Friday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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