DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents stronger at 32 cents under the September futures contract, while the DTN National Corn Index was up 9 cents at $3.85. The national average basis for soybeans was 3 cents stronger at 51 cents under the August futures, while the DTN National Soybean Index was up 8 cents at $10.73. The national average basis for hard red winter (HRW) wheat was 4 cents stronger at 62 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was up 14 cents at $5.63. The national average basis for hard red spring (HRS) wheat was 11 cents stronger at 53 cents under the MIAX Minneapolis September futures contract, while the DTN National Hard Red Spring Wheat Index was up 17 cents at $5.54.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.85	$0.09	-$0.32	Sep	$0.026
Soybeans:	$10.73	$0.08	-$0.51	Aug	$0.029
SRW Wheat:	$5.34	$0.15	-$0.55	Sep	$0.051
HRW Wheat:	$5.63	$0.14	-$0.62	Sep	$0.035
HRS Wheat:	$5.54	$0.17	-$0.53	Sep	$0.113

CORN:

The national average corn basis for Tuesday was 32 cents under the September futures, 2 cents stronger than Monday's basis. PNW basis for July is steady at +125U/+130U and July CIF is steady at +88N. Track St. Louis for July is at +38U. Processors for JULY are mixed as plants move to U. Cedar Rapids, Iowa, is at -7U; Fort Dodge, Iowa, is steady at -28U; Council Bluffs, Iowa, is steady at -7U; Des Moines, Iowa, is at -15U; Decatur, Illinois, is at +16U; Mitchell, South Dakota, is steady at -52U; Blair, Nebraska, is at -8U; Hastings, Nebraska, is steady at -32U; Lincoln, Nebraska, is steady at -25N; Garden City, Kansas, is at -20U; Columbus, Nebraska, is steady at -10N; St. Paul, Minnesota, is at -47U; and Marshall, Minnesota, is 5 cents weaker at -37U.

SOYBEAN:

The national average soybean basis for Tuesday was 51 cents under the August futures 3 cents stronger than Monday's basis. PNW basis for LH September is steady at +150X and October is steady at +155X; CIF basis for July is at +85Q and track St. Louis for July is at +32Q. River basis north of St. Louis on the Mississippi River at Quincy, Illinois, is at +25Q; July St. Paul, Minnesota, is at -50Q and basis on the Illinois River at Havana, Illinois, is steady at option the N. Processors for JULY are mixed with bids still to moving to Q. Council Bluffs, Iowa, is at -5Q; Des Moines, Iowa, is 5 cents stronger at option the N; Cedar Rapids, Iowa, is at +10Q; Sioux City is 5 cents stronger at +20Q; Decatur, Illinois, is at +25Q; Volga, South Dakota, is steady at -28Q; Spiritwood, North Dakota, is steady at option the Q; NDSP Casselton, North Dakota is steady at -10Q; Hastings, Nebraska, is at -63Q; Lincoln, Nebraska, is steady at option the Q; Grand Island, Nebraska, is steady at +65Q; Aberdeen, South Dakota, is at -70Q; Mitchell, South Dakota, is at -8Q; and Mankato, Minnesota, is 5 cents stronger +10Q. BN secondary shuttle freight for returns is not bid or offered, July is bid minus $50 under against offers of even money and August is bid minus $100 under against offers of even money. UP secondary freight for returns is not bid or offered, July is not bid against offers of minus $50 under and August is not bid against offers of minus $50 under.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 55 cents under the September futures, 5 cents stronger than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 62 cents under the Kansas City September futures, 4 cents stronger than Monday's basis. Spot premiums are steady to higher with ordinary protein steady at +100; 11% protein is steady at +128; 11.2% protein is up 7 at +135; 11.4% is unchanged at +135; 11.6 through 11.8% proteins are steady at +140; 12% through 12.4% proteins are steady at +140; 12.6% through 12.8% proteins are steady at +140; 13 through 13.6% proteins are steady at +145; 13.8 through 14% proteins are steady at +145. Gulf track bid for spot 11% protein is steady at +110 with no protein bumps. PNW 11.5% is steady at +125, while Texas Gulf basis for 11% is steady at +140.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 53 cents under the MIAX Minneapolis September futures, 11 cents stronger than Monday's basis. The MIAX Futures Exchange LLC floor trading summary of spot milling spring wheat cash premiums closed as follows, basis the September MIAX spring wheat futures: 12% proteins are not quoted; 13% proteins are not quoted; 13.5% proteins are at +145; 14% proteins are up 15 to unchanged at +140; 14.5% proteins are not quoted; 15% proteins are down 15 to up 15 at +2275 to +315 and 16% proteins were not quoted. Wheat receipts on the exchange floor were 22 cars, which includes zero train*(s). Bid (B), Ask (A), Nominal (N). Minneapolis Daily Spot Grain Prices are Delivered Chicago/Beyond freight.

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

Follow her on social platform X @MaryCKenn

(c) Copyright 2026 DTN, LLC. All rights reserved.