DTN Daily Basis Comments
Corn Basis Weakens Tuesday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 13 cents under the July futures contract, while the DTN National Corn Index was unchanged at $7.17. The national average basis for soybeans was steady at 47 cents under the July futures contract while the DTN National Soybean Index was up 7 cents at $16.32. The national average basis for hard red winter (HRW) wheat was 2 cents stronger at 66 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was up 9 cents at $10.44. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 45 cents under the July futures contract and the DTN National Hard Red Spring Wheat Index was up 9 cents at $10.46.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.17 | $0.00 | -$0.13 | Jul | -$0.016 |
Soybeans: | $16.32 | $0.07 | -$0.47 | Jul | $0.000 |
SRW Wheat: | $10.07 | $0.04 | -$0.94 | Jul | -$0.045 |
HRW Wheat: | $10.44 | $0.09 | -$0.66 | Jul | $0.020 |
HRS Wheat: | $10.46 | $0.09 | -$0.45 | Jul | $0.013 |
CORN:
The national average corn basis for Tuesday is 13 cents under the July futures, 1 cent weaker than Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 47 cents under the July futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 94 cents under the July futures, 4 cents weaker than Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 66 cents under the Kansas City July futures, 2 cents stronger than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 45 cents under the Minneapolis July futures, 1 cent stronger than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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