DTN Daily Basis Comments
Corn, HRW and HRS Wheat Basis Strengthen Tuesday
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.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
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
(c) Copyright 2021 DTN, LLC. All rights reserved.