DTN Daily Basis Comments

Corn, HRW and HRS Wheat Basis Strengthen Tuesday

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 1 cent stronger at 74 cents over the September futures contract while the DTN National Corn Index was unchanged at $6.23. The national average basis for soybeans was unchanged at 34 cents over the November futures contract while the DTN National Soybean Index was up 2 cents at $13.93. The national average basis for HRW wheat was 2 cents stronger at 16 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was up 4 cents at $6.25. The national average basis for HRS wheat was 5 cents stronger at 17 cents under the September futures contract and the DTN National Hard Red Spring Wheat Index was up 5 cents at $8.61.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.23 $0.00 $0.74 Sep $0.007
Soybeans: $13.93 $0.02 $0.34 Nov $0.000
SRW Wheat: $6.33 -$0.04 -$0.41 Sep -$0.018
HRW Wheat: $6.25 $0.04 -$0.16 Sep $0.011
HRS Wheat: $8.61 $0.05 -$0.17 Sep $0.051

CORN:

The national average corn basis for Tuesday is at 74 cents over the September futures, 1 cent stronger than Monday's basis.

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SOYBEAN:

The national average soybean basis for Tuesday is at 34 cents over the November futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 41 cents under the September futures, 1 cent weaker than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 16 cents under the Kansas City September futures, 2 cents stronger than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 17 cents under the Minneapolis September futures, 5 cents stronger than Monday'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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