DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 13 cents under the September futures contract while the DTN National Corn Index was up 1 cent at $3.87. The national average basis for soybeans was steady at 49 cents under the November futures contract, while the DTN National Soybean Index was down 10 cents at $9.58. The national average basis for hard red winter (HRW) wheat was steady at 52 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was up 2 cents at $4.72. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 46 cents under the MIAX Minneapolis September futures contract, while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.85.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.87	$0.01	-$0.13	Sep	$0.000
Soybeans:	$9.58	-$0.10	-$0.49	Nov	$0.000
SRW Wheat:	$4.91	-$0.01	-$0.56	Sep	-$0.002
HRW Wheat:	$4.72	$0.02	-$0.52	Sep	$0.002
HRS Wheat:	$5.85	$0.02	-$0.46	Sep	$0.002

CORN:

The national average corn basis for Wednesday was 13 cents under the September futures, unchanged from Tuesday's basis.

SOYBEAN:

The national average soybean basis for Wednesday was 49 cents under the November futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday was 56 cents under the September futures, 1 cent weaker than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday was at 52 cents under the Kansas City September futures, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday was at 46 cents under the MIAX Minneapolis September futures, 1 cent stronger than Tuesday's basis.

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

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