DTN Daily Basis Comments
Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 21 cents under the July futures contract while the DTN National Corn Index was down 3 cents at $3.04. The national average basis for soybeans was 1 cent weaker at 46 cents under the July futures contract while the DTN National Soybean Index was down 2 cents at $8.29. The national average basis for HRW wheat was 1 cent stronger at 21 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $4.14. The national average basis for HRS wheat was unchanged at 24 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 4 cents at $4.91.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.04 | -$0.03 | -$0.21 | Jul | $0.005 |
Soybeans: | $8.29 | -$0.02 | -$0.46 | Jul | -$0.004 |
SRW Wheat: | $4.64 | $0.00 | -$0.22 | Jul | -$0.010 |
HRW Wheat: | $4.14 | $0.05 | -$0.21 | Jul | $0.009 |
HRS Wheat: | $4.91 | -$0.04 | -$0.24 | Jul | $0.001 |
CORN: The national average corn basis for Tuesday is at 21 cents under the July futures, unchanged from Monday’s basis.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
SOYBEANS: The national average soybean basis for Tuesday is at 46 cents under the July futures, 1 cent weaker than Monday’s basis.
SOFT RED WINTER WHEAT: The national average SRW wheat basis for Tuesday is at 22 cents under the Chicago July futures, 1 cent weaker than Monday’s basis.
HARD RED WINTER WHEAT: The national average HRW wheat basis for Tuesday is at 21 cents under the KC July futures, 1 cent stronger than Monday’s basis.
HARD RED SPRING WHEAT: The national average HRS wheat basis for Tuesday is at 24 cents under the Minneapolis July futures, unchanged from Monday’s basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
(c) Copyright 2020 DTN, LLC. All rights reserved.