DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 27 cents under the September futures contract, while the DTN National Corn Index was down 1 cent at $4.09. The national average basis for soybeans was steady at 43 cents under the November futures, while the DTN National Soybean Index was down 11 cents at $11.26. The national average basis for hard red winter (HRW) wheat was steady at 57 cents under the September futures contract, while the DTN National Hard Red Winter Wheat Index was down 14 cents at $6.42. The national average basis for hard red spring (HRS) wheat was steady at 43 cents under the MIAX Minneapolis September futures contract, and the DTN National Hard Red Spring Wheat Index was down 11 cents at $6.16.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.09	-$0.01	-$0.27	Sep	$0.001
Soybeans:	$11.26	-$0.11	-$0.43	Nov	$0.002
SRW Wheat:	$5.69	-$0.10	-$0.61	Sep	$0.002
HRW Wheat:	$6.42	-$0.14	-$0.57	Sep	$0.002
HRS Wheat:	$6.16	-$0.11	-$0.43	Sep	-$0.001

CORN:

The national average corn basis for Tuesday was 27 cents under the September futures, unchanged from Monday's basis.

SOYBEAN:

The national average soybean basis for Tuesday was 43 cents under the November futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 61 cents under the September futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 57 cents under the Kansas City September futures unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 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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