DTN Daily Basis Comments
Soybean Basis Moved to November
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 87 cents over the September futures contract, while the DTN National Corn Index was up 4 cents at $6.92. The national average basis for soybeans was 5 cents weaker at $1.31 over the November futures contract while the DTN National Soybean Index was down 14 cents at $14.72. The national average basis for hard red winter (HRW) wheat was unchanged at 48 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 14 cents at $8.01. The national average basis for hard red spring (HRS) wheat was unchanged at 45 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 3 cents at $8.66.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.92 | $0.04 | $0.87 | Sep | -$0.010 |
Soybeans: | $14.72 | -$0.14 | $1.31 | Nov | -$0.054 |
SRW Wheat: | $7.33 | -$0.13 | -$0.62 | Sep | $0.027 |
HRW Wheat: | $8.01 | -$0.14 | -$0.48 | Sep | -$0.001 |
HRS Wheat: | $8.66 | -$0.03 | -$0.45 | Sep | $0.004 |
CORN:
The national average corn basis for Thursday is 87 cents over the September futures, 1 cent weaker than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at $1.31 over the November futures, 5 cents weaker than Wednesday's basis.
SOFT RED WINTER WHEAT
The national average SRW wheat basis for Thursday is at 62 cents under the September futures, 3 cents stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 48 cents under the Kansas City September futures, unchanged from Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 45 cents under the Minneapolis September futures, unchanged from Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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