DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 43 cents over the September futures contract, while the DTN National Corn Index was up 11 cents at $7.12. The national average basis for soybeans was 1 cent weaker at 47 cents over the November futures contract while the DTN National Soybean Index was up 29 cents at $15.07. 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 13 cents at $8.36. The national average basis for hard red spring (HRS) wheat was 4 cents weaker at 51 cents under the September futures contract while the DTN National Hard Red Spring Wheat Index was up 8 cents at $8.44.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$7.12	$0.11	$0.43	Sep	-$0.005
Soybeans:	$15.07	$0.29	$0.46	Nov	-$0.011
SRW Wheat:	$7.34	$0.19	-$0.51	Sep	$0.041
HRW Wheat:	$8.36	$0.13	-$0.47	Sep	-$0.015
HRS Wheat:	$8.44	$0.08	-$0.51	Sep	-$0.041

CORN:

The national average corn basis for Friday is 43 cents over the September futures, 1 cent weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at 46 cents over the November futures, 1 cent weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 51 cents under the September futures, 4 cents stronger than Thursday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 51 cents under the Minneapolis September futures, 4 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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