DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 21 cents under the September futures contract while the DTN National Corn Index was up 5 cents at $3.11. The national average basis for soybeans was also unchanged at 51 cents under the November futures contract while the DTN National Soybean Index was up 1 cent at $8.55. The national average basis for HRW wheat was 1 cent stronger at 21 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 10 cents at $4.14. The national average basis for HRS wheat was 1 cent stronger at 35 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 9 cents at $4.70.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.11	$0.05	-$0.21	Sep	-$0.002
Soybeans:	$8.55	$0.01	-$0.51	Nov	$0.002
SRW Wheat:	$4.98	-$0.06	-$0.23	Sep	$0.002
HRW Wheat:	$4.14	-$0.10	-$0.21	Sep	$0.004
HRS Wheat:	$4.70	-$0.09	-$0.35	Sep	$0.002

CORN:

The national average corn basis for Monday is at 21 cents under the September futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 51 cents under the November futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 23 cents under the September futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 21 cents under the Kansas City September futures, 1 cent stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 35 cents under the Minneapolis September futures, 1 cent stronger than Friday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

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