DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents weaker at 75 cents over the September futures contract, while the DTN National Corn Index was down 3 cents at $6.84. The national average basis for soybeans was 1 cent stronger at 59 cents over the November futures contract while the DTN National Soybean Index was down 8 cents at $14.59. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 47 cents under the September futures contract while the DTN National Hard Red Winter Wheat Index was down 1 cent at $8.01. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 50 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $8.31.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.84	-$0.03	$0.75	Sep	-$0.017
Soybeans:	$14.59	-$0.08	$0.59	Nov	$0.005
SRW Wheat:	$7.26	$0.06	-$0.54	Sep	$0.019
HRW Wheat:	$8.01	-$0.01	-$0.47	Sep	-$0.004
HRS Wheat:	$8.31	-$0.07	-$0.50	Sep	-$0.015

CORN:

The national average corn basis for Monday is 75 cents over the September futures, 2 cents weaker than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 59 cents over the November futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 54 cents under the September futures, 2 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 47 cents under the Kansas City September futures, 1 cent weaker than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 50 cents under the Minneapolis September futures, 1 cents weaker than Friday's basis.

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

Follow her on Twitter @MaryCKenn

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