DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 16 cents under the September futures contract while the DTN National Corn Index was down 6 cents at $3.65. The national average basis for soybeans was 2 cents weaker at 57 cents under the November futures contract, while the DTN National Soybean Index was down 6 cents at $9.34. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 53 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was down 13 cents at $4.52. The national average basis for hard red spring (HRS) wheat was unchanged at 43 cents under the MIAX Minneapolis September futures contract, while the DTN National Hard Red Spring Wheat Index was down 3 cents at $5.27.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.65	-$0.06	-$0.16	Sep	-$0.001
Soybeans:	$9.34	-$0.06	-$0.57	Nov	-$0.021
SRW Wheat:	$4.52	-$0.09	-$0.57	Sep	-$0.007
HRW Wheat:	$4.52	-$0.13	-$0.53	Sep	-$0.004
HRS Wheat:	$5.27	-$0.03	-$0.43	Sep	-$0.005

CORN:

The national average corn basis for Tuesday was 16 cents under the September futures, unchanged from Monday's basis.

SOYBEAN:

The national average soybean basis for Tuesday was 57 cents under the November futures, 2 cents weaker than Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 57 cents under the September futures, 1 cent weaker than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was at 53 cents under the Kansas City September futures, 1 cent weaker than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was at 43 cents under the MIAX Minneapolis September futures, unchanged from Monday's basis.

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

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