DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 19 cents under the September futures contract, while the DTN National Corn Index was up 1 cent at $3.70. The national average basis for soybeans was 1 cent weaker at 69 cents under the November futures contract, while the DTN National Soybean Index was up 2 cents at $9.90. The national average basis for hard red winter (HRW) wheat was steady at 50 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was down 5 cents at $4.48. The national average basis for hard red spring (HRS) wheat was 2 cents stronger at 34 cents under the MIAX Minneapolis September futures contract, and the DTN National Hard Red Spring Wheat Index was up 1 at $5.35.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.70	$0.01	-$0.19	Sep	-$0.002
Soybeans:	$9.90	$0.02	-$0.69	Nov	-$0.009
SRW Wheat:	$4.48	-$0.03	-$0.57	Sep	-$0.008
HRW Wheat:	$4.48	-$0.05	-$0.50	Sep	$0.002
HRS Wheat:	$5.35	$0.01	-$0.34	Sep	$0.012

CORN:

The national average corn basis for Thursday was 19 cents under the September futures, 1 cent weaker than Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 69 cents under the November futures, 1 cent weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was at 50 cents under the Kansas City September futures, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was at 34 cents under the MIAX Minneapolis September futures, 2 cents stronger than Wednesday's basis.

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

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