DTN Daily Basis Comments

Corn Basis Stronger, 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 1 cent stronger at 19 cents under the July futures contract while the DTN National Corn Index was down unchanged at $2.98. The national average basis for soybeans was 1 cent weaker at 47 cents under the July futures contract while the DTN National Soybean Index was down 5 cents at $8.18. The national average basis for HRW wheat was 3 cents stronger at 20 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $4.02. The national average basis for HRS wheat was 7 cents stronger at 22 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 10 cents at $4.76.

DTN CashChange FromNationalContractChange from
CommodityIndexPrev DayAvg. BasisMonthPrev Day
Corn:$2.98$0.00-$0.19Jul$0.003
Soybeans:$8.18-$0.05-$0.47Jul-$0.008
SRW Wheat:$4.55-$0.12-$0.19Jul$0.007
HRW Wheat:$4.02-$0.05-$0.20Jul$0.030
HRS Wheat:$4.76-$0.06-$0.22Jul$0.068

CORN:

The national average corn basis for Friday is at 19 cents under the July futures, 1 cent stronger than Thursday’s basis.

SOYBEANS:

The national average soybean basis for Friday is at 47 cents under the July futures, 1 cent weaker than Thursday’s basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 19 cents under the Chicago July futures, 1 cent stronger than Thursday’s basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 20 cents under the Kansas City July futures, 3 cents stronger than Thursday’s basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 22 cents under the Minneapolis July futures, 7 cents stronger than Thursday’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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