DTN Daily Basis Comments
Soybean Basis Weaker, Corn Basis Unchanged
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 75 cents over the September futures contract while the DTN National Corn Index was down 1 cent at $6.31. The national average basis for soybeans was 5 cents weaker at 44 cents over the November futures contract while the DTN National Soybean Index was down 24 cents at $14.17. The national average basis for HRW wheat was 4 cents stronger at 18 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 4 cents at $6.34. The national average basis for HRS wheat was 7 cents stronger at 22 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 13 cents at $9.01.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.31 | -$0.01 | $0.75 | Sep | -$0.007 |
Soybeans: | $14.17 | -$0.24 | $0.44 | Nov | -$0.048 |
SRW Wheat: | $6.59 | $0.05 | -$0.38 | Sep | -$0.007 |
HRW Wheat: | $6.34 | $0.04 | -$0.18 | Sep | $0.031 |
HRS Wheat: | $9.01 | $0.13 | -$0.22 | Sep | $0.065 |
The national average corn basis for Monday is at 75 cents over the September futures unchanged from Friday's basis.
SOYBEAN:
The national average soybean basis for Monday is at 44 cents over the November futures, 5 cents weaker than Friday's basis.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 38 cents under the September futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 18 cents under the Kansas City September futures, 4 cents stronger than Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday is at 22 cents under the Minneapolis September futures, 7 cents stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
(c) Copyright 2021 DTN, LLC. All rights reserved.