DTN Grain Bids – Other Information

Actual vs. Estimated Basis

•  As noted in the Relevant Fields > INPUT TYPE and Volume sections above, DTN will collect cash data in multiple formats based on how the agribusiness shares/submits the bid to us.
  • Basis Quote (1)
    • A basis value and underlying futures month is shared with DTN and logged into the system. This is then combined to estimate the Cash Price.
  • Cash Price Quote (2)
    • A flat, cash price was shared/submitted to DTN and logged into the system. DTN will then assume a chronologically reasonable futures month to estimate the Basis Quote for that Cash Price.
      • For example, Cash Price quote from ElevatorID 3451 for SPOT Yellow Corn is collected on April 1^st, 2023. The close of @CK23 will be used to estimate the Basis Quote for that location.
      • Rolling of assumed underlying future contract
        • For SPOT BASIS symbols that are estimated and Indices, the underlying futures month will roll on the 1^st of the contract month
          • Example: Cash Price quote from ElevatorID 3451 for SPOT Yellow Corn is collected on May 1^st, 2023. The close of @CN23 will be used to estimate the Basis Quote for that location.
        • This process is also used to normalize and compile our National and Regional Indices (more detail below)

Indices

• National
  • DTN compiles National Cash and Basis Indices for Corn, Soybeans, Spring Wheat, HRW Wheat, SRW Wheat, and Durum.
    • Cash Symbology
      • Corn = NCI.X
      • Soybeans = NSI.X
      • Spring Wheat = SW.X
      • HRW = HW.X
      • SRW = SR.X
      • Durum = DWI.X
    • Basis Symbology
      • Corn = NCIB.X
      • Soybeans = NSIB.X
      • Spring Wheat = SWB.X
      • HRW = HWB.X
      • SRW = SRB.X
  • Regional
    • Regional Indices are also compiled for Corn and Soybeans.
    • The makeup of each region is (click here to see the map of the regions):
      • EasternIA
        • IA: Black Hawk, Bremer, Buchanan, Butler, Cerro Gordo, Chickasaw, Clayton, Delaware, Dubuque, Fayette, Floyd, Franklin, Grundy, Hamilton, Hancock, Hardin, Howard, Mitchell, Winnebago, Winneshiek, Worth, Wright,
      • EasternNebraska
        • NE: Adams, Antelope, Boone, Burt, Butler, Cass, Cedar, Clay, Colfax, Cuming, Dakota, Dixon, Dodge, Douglas, Fillmore, Gage, Greeley, Hall, Hamilton, Jefferson, Johnson, Knox, Lancaster, Madison, Merrick, Nance, Nuckolls, Otoe, Pawnee, Pierce, Platte, Polk, Richardson, Saline, Saunders, Seward, Thayer, Wayne, Webster, York
      • EasternSD
        • SD: Beadle, Bon Homme, Brookings, Brown, Clark, Codington, Davison, Day, Deuel, Douglas, Grant, Hamlin, Hanson, Hutchinson, Kingsbury, Lake, Lincoln, Marshall, McCook, Miner, Minnehaha, Roberts, Spink, Turner, Union, Yankton
      • GreatLakes
        • IN: Adams, Allen, Bartholomew, Benton, Blackford, Carroll, Cass, Clark, Clinton, Daviess, Dearborn, Decatur, DeKalb, Delaware, Dubois, Fayette, Fountain, Fulton, Gibson, Grant, Greene, Hamilton, Henry, Howard, Huntington, Jackson, Jasper, Jay, Jefferson, Jennings, Knox, Kosciusko, Lake, LaPorte, Madison, Marion, Marshall, Martin, Miami, Montgomery, Newton, Noble, Orange, Porter, Posey, Pulaski, Putnam, Randolph, Rush, Shelby, Spencer, St. Joseph, Starke, Sullivan, Tippecanoe, Tipton, Vanderburgh, Vermillion, Wabash, Warren, Warrick, Wayne, Wells, White, Whitley
        • MI: Allegan, Arenac, Bay, Branch, Calhoun, Cass, Eaton, Erie, Gratiot, Hillsdale, Huron, Ingham, Ionia, Isabella, Kent, Lapeer, Lenawee, Midland, Monroe, Newaygo, Oceana, Ottawa, Saginaw, Sanilac, Shiawassee, St. Clair, St. Joseph, Tuscola, Van Buren, Washtenaw
        • OH: Adams, Allen, Auglaize, Butler, Champaign, Clark, Clinton, Crawford, Darke, Defiance, Delaware, Fayette, Franklin, Fulton, Greene, Hamilton, Hancock, Hardin, Henry, Highland, Hocking, Huron, Licking, Logan, Lorain, Lucas, Marion, Mercer, Miami, Montgomery, Morrow, Paulding, Pickaway, Preble, Putnam, Richland, Ross, Sandusky, Seneca, Shelby, Union, Van Wert, Williams, Wood, Wyandot
      • Illinois
        • IL: Adams, Alexander, Bond, Boone, Brown, Bureau, Calhoun, Carroll, Cass, Champaign, Christian, Clark, Clay, Clinton, Coles, Cook, Crawford, Cumberland, De Witt, DeKalb, Douglas, Edgar, Edwards, Effingham, Fayette, Ford, Franklin, Fulton, Greene, Grundy, Hamilton, Hancock, Henderson, Henry, Iroquois, Jackson, Jasper, Jefferson, Jersey, Jo Daviess, Kane, Kankakee, Kendall, Knox, LaSalle, Lawrence, Lee, Livingston, Logan, Macon, Macoupin, Madison, Marion, Marshall, Mason, McDonough, McLean, Menard, Mercer, Monroe, Montgomery, Morgan, Moultrie, Ogle, Peoria, Perry, Piatt, Pike, Pulaski, Putnam, Randolph, Richland, Rock Island, Sangamon, Schuyler, Shelby, St. Clair, Stark, Stephenson, Tazewell, Vermilion, Warren, Washington, White, Whiteside, Will, Williamson, Winnebago, Woodford
        • WI: Dane, Grant, Iowa, Jefferson: Lafayette, Milwaukee, Racine, Rock, Walworth, Washington
      • Missouri and E.Kansas
        • KS: Allen, Anderson, Atchison, Bourbon, Brown, Cherokee, Coffey, Crawford, Doniphan, Douglas, Franklin, Greenwood, Jackson, Jefferson, Johnson, Labette, Linn, Lyon, Miami, Montgomery, Nemaha, Neosho, Osage, Pottawatomie, Shawnee, Wabaunsee, Wilson, Woodson, Wyandotte
        • MO: Adair, Adams, Atchison, Audrain, Barton, Bates, Boone, Buchanan, Caldwell, Carroll, Cass, Chariton, Clark, Clinton, Cole, Cooper, Daviess, DeKalb, Gentry, Grundy, Harrison, Henry, Holt, Howard, Jackson, Jasper, Johnson, Knox, Lafayette, Lewis, Lincoln, Linn, Livingston, Macon, Moniteau, Montgomery, Morgan, Nodaway, Pettis, Pike, Putnam, Ralls, Ray, Saline, Scotland, Shelby, Sullivan, Vernon, Worth
      • NDAKandMN
        • MN: Becker, Clay, Kittson, Mahnomen, Marshall, Norman, Otter Tail, Pennington, Polk, Red Lake, Roseau, Traverse, Wilkin,
        • ND, Barnes, Benson, Bottineau, Burke, Burleigh, Cass, Cavalier, Dickey, Emmons, Foster, Grand Forks, Griggs, LaMoure, Logan, McHenry, McIntosh, McLean, Mountrail, Nelson, Oliver, Pembina, Pierce, Ramsey, Ransom, Renville, Richland, Rolette, Sargent, Steele, Stutsman, Towner, Traill, Walsh, Ward, Wells
      • South Iowa
        • IA: Adair, Adams, Audubon, Benton, Boone, Carroll, Cass, Cedar, Clarke, Clinton, Crawford, Dallas, Decatur, Des Moines, Fremont, Greene, Guthrie, Harrison, Henry, Iowa, Jasper, Jefferson, Johnson, Jones, Keokuk, Lee, Linn, Louisa, Lucas, Madison, Mahaska, Marion, Marshall, Mills, Monona, Monroe, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Shelby, Story, Tama, Union, Van Buren, Wapello, Warren, Washington, Wayne
      • SouthMinnesota
        • MN: Blue Earth, Brown, Carver, Chippewa, Cottonwood, Dakota, Dodge, Faribault, Fillmore, Freeborn, Goodhue, Jackson, Kandiyohi, Lac qui Parle, Le Sueur, Lincoln, Lyon, Martin, McLeod, Meeker, Mower, Murray, Nicollet, Nobles, Olmsted, Pipestone, Ramsey, Redwood, Renville, Rice, Rock, Scott, Sibley, Steele, Swift, Wabasha, Waseca, Watonwan, Winona, Wright, Yellow Medicine
      • WestIA
        • IA: Buena Vista, Calhoun, Cherokee, Clay, Dickinson, Emmet, Humboldt, Ida, Kossuth, Lyon, O’Brien, Osceola, Palo Alto, Plymouth, Pocahontas, Sac, Sioux, Webster, Woodbury
      • WestKansas
        • KS: Barber, Barton, Butler, Cheyenne, Clark, Clay, Cloud, Comanche, Cowley, Decatur, Dickinson, Edwards, Ellis, Ellsworth, Finney, Ford, Geary, Gove, Graham, Grant, Gray, Greeley, Hamilton, Harper, Harvey, Haskell, Hodgeman, Jewell, Kearny, Kingman, Kiowa, Lane, Lincoln, Logan, Marion, Marshall, McPherson, Meade, Mitchell, Morris, Morton, Ness, Norton, Osborne, Ottawa, Pawnee, Phillips, Pratt, Rawlins, Reno, Republic, Rice, Riley, Rooks, Rush, Russell, Saline, Scott, Sedgwick, Seward, Sheridan, Sherman, Smith, Stafford, Stanton, Stevens, Sumner, Thomas, Trego, Wallace, Washington, Wichita

Changing of New Crop / Deferred Bid

Based on market conditions, the actual delivery period for these symbols (e.g. CORN.3451), will change following the below reference