DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 74 cents over the September futures contract while the DTN National Corn Index was down 7 cents at $6.39. The national average basis for soybeans was unchanged at 39 cents over the November futures contract while the DTN National Soybean Index was down 28 cents at $14.02. The national average basis for HRW wheat was 1 cent stronger at 18 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 14 cents at $6.35. The national average basis for HRS wheat was 1 cent stronger at 22 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 6 cents at $8.82.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.39	-$0.07	$0.74	Sep	-$0.001
Soybeans:	$14.02	-$0.28	$0.39	Nov	-$0.001
SRW Wheat:	$6.52	-$0.17	-$0.40	Sep	$0.014
HRW Wheat:	$6.35	-$0.14	-$0.18	Sep	$0.007
HRS Wheat:	$8.82	$0.06	-$0.22	Sep	$0.002

CORN:

The national average corn basis for Thursday is at 74 cents over the September futures unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday is at 39 cents over the November futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 40 cents under the September futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 18 cents under the Kansas City September futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 22 cents under the Minneapolis September futures, 1 cent stronger than Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

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