DTN Daily Basis Comments
HRS Wheat Basis Weakens; Corn, Soybean Basis Steady
The national average basis for corn was steady at 29 cents under the September futures contract while the DTN National Corn Index was down 5 cents at $3.23. The national average basis for soybeans was also unchanged at 60 cents under the August futures contract, while the DTN National Soybean Index was up 10 cents at $7.98. The national average basis for HRW wheat was unchanged at 16 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 1 cent at $4.94. The national average basis for HRS wheat was 1 cent weaker at 33 cents under the September futures contract, and the DTN National Hard Red Spring Wheat Index was down 8 cents at $5.22.
DAILY BASIS CHART:
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.23 | -$0.05 | -$0.29 | Sep | $0.006 |
| Soybeans: | $7.98 | $0.10 | -$0.60 | Aug | -$0.001 |
| SRW Wheat: | $4.84 | -$0.03 | -$0.27 | Sep | $0.003 |
| HRW Wheat: | $4.94 | -$0.01 | -$0.16 | Sep | -$0.003 |
| HRS Wheat: | $5.22 | -$0.08 | -$0.33 | Sep | -$0.005 |
The DTN National Corn Index for Tuesday indicated a national average basis of 29 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 60 cents under the Chicago August futures contract, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Tuesday indicated a national average basis of 27 cents under the Chicago September futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Tuesday indicated a national average basis of 16 cents under the Kansas City September futures contract, unchanged from Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Tuesday indicated a national average basis of 33 cents under the Minneapolis September futures contract, 1 cent weaker than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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