DTN Daily Basis Comments
Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 22 cents under the September futures contract while the DTN National Corn Index was down 6 cents at $3.01. The national average basis for soybeans was unchanged at 49 cents under the August futures contract while the DTN National Soybean Index was down 7 cents at $8.47. The national average basis for HRW wheat was 1 cent weaker at 21 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 7 cents at $4.22. The national average basis for HRS wheat was unchanged at 35 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 4 cents at $4.76.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.01 | -$0.06 | -$0.22 | Sep | -$0.003 |
Soybeans: | $8.47 | -$0.07 | -$0.49 | Aug | -$0.003 |
SRW Wheat: | $5.08 | $0.05 | -$0.19 | Sep | -$0.008 |
HRW Wheat: | $4.22 | $0.07 | -$0.21 | Sep | -$0.005 |
HRS Wheat: | $4.76 | $0.04 | -$0.35 | Sep | $0.001 |
CORN:
The national average corn basis for Tuesday is at 22 cents under the September futures, 1 cent weaker than Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 49 cents under the August futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 19 cents under the August futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 21 cents under the Kansas City September futures, 1 cent weaker than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 35 cents under the Minneapolis September futures, unchanged from Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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