DTN Daily Basis Comments
All Basis Moved to July
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 5 cents stronger at 17 cents over the July futures contract while the DTN National Corn Index was up 2 cents at $6.72. The national average basis for soybeans was 1 cent weaker at 5 cents over the July futures contract while the DTN National Soybean Index was down 20 cents at $15.25. The national average basis for HRW wheat was 2 cents stronger at 26 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $6.85. The national average basis for HRS wheat was 1 cent stronger at 32 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $7.15.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.72 | $0.02 | $0.17 | Jul | $0.048 |
Soybeans: | $15.25 | -$0.20 | $0.05 | Jul | -$0.006 |
SRW Wheat: | $7.13 | -$0.09 | -$0.20 | Jul | -$0.025 |
HRW Wheat: | $6.85 | $0.05 | -$0.26 | Jul | $0.021 |
HRS Wheat: | $7.15 | -$0.01 | -$0.32 | Jul | $0.008 |
CORN:
The national average corn basis for Tuesday is at 17 cents over the July futures, 5 cents stronger than Monday basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 5 cents over the July futures, 1 cent weaker than Monday basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 20 cents under the July futures, 2 cents weaker than Monday basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 26 cents under the Kansas City July futures, 2 cents stronger than Monday basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 32 cents under the Minneapolis July futures, 1 cent stronger than Monday basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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