DTN Daily Basis Comments
Corn, Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 4 cents weaker at 16 cents under the July futures contract, while the DTN National Corn Index was down 19 cents at $7.79. The national average basis for soybeans was 1 cent weaker at 39 cents under the July futures contract while the DTN National Soybean Index was up 2 cents at $16.81. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 57 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was down 27 cents at $10.87. The national average basis for hard red spring (HRS) wheat was unchanged at 38 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 18 cents at $11.16.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.79 | -$0.19 | -$0.16 | Jul | -$0.043 |
Soybeans: | $16.81 | $0.02 | -$0.39 | Jul | -$0.008 |
SRW Wheat: | $10.05 | -$0.20 | -$0.71 | Jul | $0.009 |
HRW Wheat: | $10.87 | -$0.27 | -$0.57 | Jul | -$0.006 |
HRS Wheat: | $11.16 | -$0.18 | -$0.38 | Jul | -$0.002 |
CORN:
The national average corn basis for Thursday is 16 cents under the July futures, 4 cents weaker than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 39 cents under the July futures, 1 cent weaker than Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 71 cents under the July futures, 1 cent stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 57 cents under the Kansas City July futures, 1 cent weaker than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 38 cents under the Minneapolis July futures, unchanged from Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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