DTN Daily Basis Comments
Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 14 cents under the September futures contract while the DTN National Corn Index was up 13 cents at $4.04. The national average basis for soybeans was 1 cent stronger at 50 cents under the November futures contract, while the DTN National Soybean Index was up 22 cents at $9.98. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 53 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was up 11 cents at $4.90. NOTE: There will be no HRS index or basis at this time.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $4.04 | $0.13 | -$0.14 | Sep | $0.006 |
| Soybeans: | $9.98 | $0.22 | -$0.50 | Nov | $0.014 |
| SRW Wheat: | $5.09 | $0.15 | -$0.55 | Sep | -$0.004 |
| HRW Wheat: | $4.90 | $0.11 | -$0.53 | Sep | -$0.002 |
CORN:
The national average corn basis for Wednesday was 14 cents under the September futures, unchanged from Monday's basis.
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SOYBEAN:
The national average soybean basis for Wednesday was 50 cents under the November futures, 1 cent stronger than Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday was 55 cents under the September futures, unchanged Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday was at 53 cents under the Kansas City September futures, 1 cent weaker than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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