DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 75 cents over the September futures contract while the DTN National Corn Index was down 1 cent at $6.31. The national average basis for soybeans was 5 cents weaker at 44 cents over the November futures contract while the DTN National Soybean Index was down 24 cents at $14.17. The national average basis for HRW wheat was 4 cents stronger at 18 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 4 cents at $6.34. The national average basis for HRS wheat was 7 cents stronger at 22 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 13 cents at $9.01.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.31	-$0.01	$0.75	Sep	-$0.007
Soybeans:	$14.17	-$0.24	$0.44	Nov	-$0.048
SRW Wheat:	$6.59	$0.05	-$0.38	Sep	-$0.007
HRW Wheat:	$6.34	$0.04	-$0.18	Sep	$0.031
HRS Wheat:	$9.01	$0.13	-$0.22	Sep	$0.065

The national average corn basis for Monday is at 75 cents over the September futures unchanged from Friday's basis.

SOYBEAN:

The national average soybean basis for Monday is at 44 cents over the November futures, 5 cents weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 38 cents under the September futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 18 cents under the Kansas City September futures, 4 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 22 cents under the Minneapolis September futures, 7 cents stronger than Friday's basis.

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

Follow her on Twitter @MaryCKenn

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