DTN Daily Basis Comments

Soybean Basis Stronger

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents stronger at 33 cents under the July futures contract while the DTN National Corn Index was up 7 cents at $2.87. The national average basis for soybeans was 1 cent stronger at 48 cents under the July futures contract while the DTN National Soybean Index was up 19 cents at $8.08. The national average basis for HRW wheat was 3 cents stronger at 29 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 15 cents at $4.59. The national average basis for HRS wheat was 1 cent stronger at 27 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 9 cents at $4.89.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $2.87 $0.07 -$0.33 Jul $0.017
Soybeans: $8.08 $0.19 -$0.48 Jul $0.013
SRW Wheat: $5.05 $0.08 -$0.20 Jul -$0.002
HRW Wheat: $4.59 $0.15 -$0.29 Jul $0.036
HRS Wheat: $4.89 $0.09 -$0.27 Jul $0.010

CORN:

The national average corn basis for Thursday is at 33 cents under the July futures, 2 cents stronger than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 48 cents under the July futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 20 cents under the Chicago July futures, 1 cent weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 29 cents under the Kansas City July futures, 3 cents stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 27 cents under the Minneapolis July futures, 1 cent stronger than Wednesday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(CZ)

Mary Kennedy

Mary Kennedy
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