DTN Daily Basis Comments
Soybean Basis Weakens Friday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 21 cents under the September futures contract while the DTN National Corn Index was up 3 cents at $3.06. The national average basis for soybeans was 1 cent weaker at 51 cents under the November futures contract and the DTN National Soybean Index was down 1 cent at $8.54. The national average basis for HRW wheat was steady at 22 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 4 cents at $4.24. The national average basis for HRS wheat was unchanged at 36 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $4.79.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.06 | $0.03 | -$0.21 | Sep | $0.005 |
Soybeans: | $8.54 | -$0.01 | -$0.51 | Nov | -$0.009 |
SRW Wheat: | $5.04 | $0.08 | -$0.23 | Sep | -$0.002 |
HRW Wheat: | $4.24 | $0.04 | -$0.22 | Sep | $0.001 |
HRS Wheat: | $4.79 | $0.03 | -$0.36 | Sep | $0.009 |
CORN:
The national average corn basis for Friday is at 21 cents under the September futures, unchanged from Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is at 51 cents under the November futures, 1 cent weaker than Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is at 23 cents under the September futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is at 22 cents under the Kansas City September futures, unchanged from Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is at 36 cents under the Minneapolis September futures, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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