DTN Daily Basis Comments
Soybean, Corn Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 2 cents stronger at 11 cents under the July futures contract while the DTN National Corn Index was down 9 cents at $6.42. The national average basis for soybeans was 1 cent stronger at 33 cents under the July futures contract while the DTN National Soybean Index was down 13 cents at $13.38. The national average basis for HRW wheat was 2 cents stronger at 13 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $5.93. 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 up 5 cents at $7.77.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.42 | -$0.09 | -$0.11 | Jul | $0.019 |
Soybeans: | $13.38 | -$0.13 | -$0.33 | Jul | $0.008 |
SRW Wheat: | $6.26 | -$0.10 | -$0.25 | Jul | $0.000 |
HRW Wheat: | $5.93 | -$0.05 | -$0.13 | Jul | $0.011 |
HRS Wheat: | $7.77 | $0.05 | -$0.32 | Jul | $0.006 |
CORN:
The national average corn basis for Thursday is at 11 cents under the July futures, 2 cents stronger than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 33 cents under the July futures, 1 cent stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 25 cents under the July futures, unchanged from Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 13 cents under the Kansas City July futures, 2 cents stronger than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 32 cents under the Minneapolis July futures, 1 cent stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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