DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 69 cents over the September futures contract while the DTN National Corn Index was unchanged at $6.24. The national average basis for soybeans was 2 cents weaker at 21 cents over the November futures contract while the DTN National Soybean Index was up 7 cents at $13.58. The national average basis for HRW wheat was 2 cents weaker at 17 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was up 12 cents at $6.89. The national average basis for HRS wheat was 2 cents weaker at 14 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 10 cents at $9.02.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.24	$0.00	$0.69	Sep	$0.005
Soybeans:	$13.58	$0.07	$0.21	Nov	-$0.013
SRW Wheat:	$6.78	$0.06	-$0.41	Sep	-$0.004
HRW Wheat:	$6.89	$0.12	-$0.17	Sep	-$0.020
HRS Wheat:	$9.02	$0.10	-$0.14	Sep	-$0.027

CORN:

The national average corn basis for Friday is at 69 cents over the September futures, 1 cent stronger than Thursday's basis.

SOYBEAN:

The national average soybean basis for Friday is at 21 cents over the November futures, 2 cents weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 41 cents under the September futures, 1 cent weaker than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 17 cents under the Kansas City September futures, 2 cents weaker from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 14 cents under the Minneapolis September futures, 2 cents weaker than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

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