DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cent stronger at 11 cents under the September futures contract and the DTN National Corn Index was down 6 cents at $4.21. The national average basis for soybeans was 1 cent stronger at 72 cents under the August futures contract and the DTN National Soybean Index was up 7 cents at $8.14. The national average basis for HRW wheat was 1 cent stronger at 21 cents under the September futures contract and the DTN National Hard Red Winter Wheat Index was down 1 cent at $4.18. 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 6 cents at $4.81.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.21	-$0.06	-$0.11	Sep	$0.013
Soybeans:	$8.14	$0.07	-$0.72	Aug	$0.004
SRW Wheat:	$4.83	-$0.09	-$0.20	Sep	-$0.011
HRW Wheat:	$4.18	-$0.01	-$0.21	Sep	$0.004
HRS Wheat:	$4.81	-$0.06	-$0.46	Sep	$0.003

CORN:

The DTN National Corn Index for Tuesday indicated a national average basis of 11 cents under the Chicago September futures contract, 2 cents stronger than Monday's basis.

SOYBEANS:

The DTN National Soybean Index for Tuesday indicated a national average basis of 72 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, 1 cent weaker than Monday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter (HRW) Wheat Index for Tuesday indicated a national average basis of 21 cents under the Kansas City September futures contract, 1 cent stronger 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

(BAS)

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