DTN Daily Basis Comments

Soybean, Corn Basis Steady

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 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 CashChange FromNationalContractChange from
CommodityIndexPrev DayAvg. BasisMonthPrev Day
Corn:$3.00$0.00-$0.24Jul$0.003
Soybeans:$8.12$0.07-$0.46Jul$0.001
SRW Wheat:$4.91$0.03-$0.21Jul-$0.009
HRW Wheat:$4.32$0.05-$0.25Jul-$0.016
HRS Wheat:$4.90-$0.01-$0.30Jul-$0.050

CORN:The national average corn basis for Wednesday is at 24 cents under the July futures, unchanged from Tuesday’s basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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