DTN Daily Basis Comments

Soybean Basis Stronger

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

The national average basis for corn was unchanged at 79 cents over the September futures contract while the DTN National Corn Index was down 7 cents at $6.08. The national average basis for soybeans was 4 cents stronger at 42 cents over the November futures contract while the DTN National Soybean Index was up 14 cents at $13.71. The national average basis for HRW wheat was 3 cents stronger at 21 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 9 cents at $5.73. The national average basis for HRS wheat was 11 cents stronger at 30 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 20 cents at $7.84. Note: The changes in spring and HRW wheat basis are adjustments made from a recent technical issue.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.08 -$0.07 $0.79 Sep -$0.001
Soybeans: $13.71 $0.14 $0.42 Nov $0.039
SRW Wheat: $5.82 -$0.04 -$0.33 Sep -$0.005
HRW Wheat: $5.73 $0.09 -$0.21 Sep $0.031
HRS Wheat: $7.84 $0.20 -$0.30 Sep $0.105

CORN:

The national average corn basis for Friday is at 79 cents over the September futures 1 cent weaker than Thursday's basis.

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SOYBEANS:

The national average soybean basis for Friday is at 42 cents over the November futures, 4 cents stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 33 cents under the September futures, 1 cent weaker than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 21 cents under the Kansas City September futures, 3 cents stronger than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 30 cents under the Minneapolis September futures, 11 cents stronger than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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