DTN Daily Basis Comments

Soybean Basis Weaker

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 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 CashChange FromNationalContractChange from
CommodityIndexPrev DayAvg. BasisMonthPrev Day
Corn:$3.04-$0.03-$0.21Jul$0.005
Soybeans:$8.29-$0.02-$0.46Jul-$0.004
SRW Wheat:$4.64$0.00-$0.22Jul-$0.010
HRW Wheat:$4.14$0.05-$0.21Jul$0.009
HRS Wheat:$4.91-$0.04-$0.24Jul$0.001

CORN: The national average corn basis for Tuesday is at 21 cents under the July futures, unchanged from Monday’s basis.

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

Mary Kennedy

Mary Kennedy
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