DTN Daily Basis Comments
Soybean Basis Stronger
The national average basis for corn was unchanged at 8 cents under the September futures contract and the DTN National Corn Index was down 8 cents at $4.27. The national average basis for soybeans was 1 cent stronger at 69 cents under the August futures contract and the DTN National Soybean Index was down 13 cents at $8.18. The national average basis for HRW wheat was 1 cent weaker at 22 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.25. The national average basis for HRS wheat was unchanged at 46 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $4.84.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $4.27 | -$0.05 | -$0.08 | Sep | $0.003 |
| Soybeans: | $8.18 | -$0.13 | -$0.69 | Aug | $0.008 |
| SRW Wheat: | $4.88 | $0.00 | -$0.20 | Sep | $0.001 |
| HRW Wheat: | $4.25 | -$0.03 | -$0.22 | Sep | -$0.007 |
| HRS Wheat: | $4.84 | -$0.02 | -$0.46 | Sep | $0.000 |
The DTN National Corn Index for Tuesday indicated a national average basis of 8 cents under the Chicago September futures contract, unchanged from Monday's basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 69 cents under the Chicago August futures contract, 1 cent stronger than Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Tuesday indicated a national average basis of 20 cents under the Chicago September futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Tuesday indicated a national average basis of 22 cents under the Kansas City September futures contract, 1 cent weaker than Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Tuesday indicated a national average basis of 46 cents under the Minneapolis September futures contract, unchanged from Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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