DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents weaker at 59 cents over the September futures contract while the DTN National Corn Index was down 6 cents at $6.24. The national average basis for soybeans was 4 cents weaker at 7 cents under the November futures contract while the DTN National Soybean Index was down 1 cent at $13.61. The national average basis for HRW wheat was unchanged at 13 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 6 cents at $7.24. The national average basis for HRS wheat was unchanged at 14 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $9.28.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.24	-$0.06	$0.59	Sep	-$0.023
Soybeans:	$13.61	-$0.01	-$0.07	Nov	-$0.043
SRW Wheat:	$7.17	-$0.02	-$0.44	Sep	$0.002
HRW Wheat:	$7.24	-$0.06	-$0.13	Sep	-$0.002
HRS Wheat:	$9.28	-$0.02	-$0.14	Sep	-$0.002

CORN:

The national average corn basis for Monday is at 59 cents over the September futures, 2 cents weaker than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 7 cents under the November futures, 4 cents weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 44 cents under the September futures, Unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 13 cents under the Kansas City September futures, unchanged from Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 14 cents under the Minneapolis September futures, unchanged from Friday's basis.

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

Follow her on Twitter @MaryCKenn

(c) Copyright 2021 DTN, LLC. All rights reserved.