DTN Daily Basis Comments
Soybean, Corn Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 24 cents under the July futures contract while the DTN National Corn Index was unchanged at $3.00. The national average basis for soybeans was unchanged at 46 cents under the July futures contract while the DTN National Soybean Index was up 7 cents at $8.12. The national average basis for HRW wheat was 1 cent weaker at 25 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $4.32. The national average basis for HRS wheat was 5 cents weaker at 30 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $4.90.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.00 | $0.00 | -$0.24 | Jul | $0.003 |
Soybeans: | $8.12 | $0.07 | -$0.46 | Jul | $0.001 |
SRW Wheat: | $4.91 | $0.03 | -$0.21 | Jul | -$0.009 |
HRW Wheat: | $4.32 | $0.05 | -$0.25 | Jul | -$0.016 |
HRS Wheat: | $4.90 | -$0.01 | -$0.30 | Jul | -$0.050 |
CORN:The national average corn basis for Wednesday is at 24 cents under the July futures, unchanged from Tuesday’s basis.
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SOYBEANS:The national average soybean basis for Wednesday is at 46 cents under the July futures, unchanged from Tuesday’s basis.
SOFT RED WINTER WHEAT:The national average SRW wheat basis for Wednesday is at 21 cents under the Chicago July futures, 1 cent weaker than Tuesday’s basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Wednesday is at 25 cents under the Kansas City July futures, 1 cent weaker than Tuesday’s basis.
HARD RED SPRING WHEAT:The national average HRS wheat basis for Wednesday is at 30 cents under the Minneapolis July futures, 5 cents weaker than Tuesday’s basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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