DTN Daily Basis Comments
Corn Basis Stronger, Soybean Basis Weaker
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 Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $2.98 | $0.00 | -$0.19 | Jul | $0.003 |
Soybeans: | $8.18 | -$0.05 | -$0.47 | Jul | -$0.008 |
SRW Wheat: | $4.55 | -$0.12 | -$0.19 | Jul | $0.007 |
HRW Wheat: | $4.02 | -$0.05 | -$0.20 | Jul | $0.030 |
HRS Wheat: | $4.76 | -$0.06 | -$0.22 | Jul | $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.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
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
(c) Copyright 2020 DTN, LLC. All rights reserved.