DTN Daily Basis Comments
Corn Basis Steady, Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 69 cents over the September futures contract while the DTN National Corn Index was down 5 cents at $6.15. The national average basis for soybeans was 1 cent weaker at 23 cents over the November futures contract and the DTN National Soybean Index was up 5 cents at $13.49. The national average basis for HRW wheat was 1 cent stronger at 15 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 13 cents at $6.79. The national average basis for HRS wheat was 1 cent stronger at 12 cents under the September futures contract and the DTN National Hard Red Spring Wheat Index was down 16 cents at $8.91.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.15 | -$0.05 | $0.69 | Sep | -$0.004 |
Soybeans: | $13.49 | $0.05 | $0.23 | Nov | -$0.006 |
SRW Wheat: | $6.76 | -$0.07 | -$0.42 | Sep | $0.003 |
HRW Wheat: | $6.79 | -$0.13 | -$0.15 | Sep | $0.003 |
HRS Wheat: | $8.91 | -$0.16 | -$0.12 | Sep | $0.011 |
CORN:
The national average corn basis for Wednesday is at 69 cents over the September futures, unchanged from Tuesday's basis.
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SOYBEAN:
The national average soybean basis for Wednesday is at 23 cents over the November futures, 1 cent weaker than Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 42 cents under the September futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 15 cents under the Kansas City September futures, 1 cent stronger than Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 12 cents under the Minneapolis September futures, 1 cent stronger than Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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