DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 8 cents under the September futures contract and the DTN National Corn Index was up 2 cents at $3.94. The national average basis for soybeans was 1 cent stronger at 40 cents under the August futures contract, while the DTN National Soybean Index was down 11 cents at $10.65. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 44 cents under the September futures contract, and the DTN National Hard Red Winter Wheat Index was down 16 cents at $5.23. The national average basis for hard red spring (HRS) wheat was unchanged at 50 cents under the September futures contract, while the DTN National Hard Red Spring Wheat Index was down 21 cents at $5.47.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.94	$0.02	-$0.08	Sep	$0.004
Soybeans:	$10.65	-$0.11	-$0.40	Aug	$0.011
SRW Wheat:	$4.92	-$0.20	-$0.59	Sep	$0.004
HRW Wheat:	$5.23	-$0.16	-$0.44	Sep	$0.004
HRS Wheat:	$5.47	-$0.21	-$0.50	Sep	$0.000

CORN:

The national average corn basis for Friday was 8 cents under the September futures, 1 cent stronger than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday was 40 cents under the August futures, 1 cent stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 59 cents under the September futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 44 cents under the Kansas City September futures, 1 cent stronger than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 50 cents under the Minneapolis September futures, unchanged from Thursday's basis.

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

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