DTN Daily Basis Comments
Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 15 cents under the July futures contract, while the DTN National Corn Index was up 1 cent at $7.99. The national average basis for soybeans was 3 cents weaker at 40 cents under the July futures contract while the DTN National Soybean Index was down 11 cents at $16.45 The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 54 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was down 12 cents at $10.87. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 39 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $11.53.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.99 | $0.01 | -$0.15 | Jul | $0.001 |
Soybeans: | $16.45 | -$0.11 | -$0.40 | Jul | -$0.026 |
SRW Wheat: | $10.14 | -$0.15 | -$0.71 | Jul | -$0.096 |
HRW Wheat: | $10.87 | -$0.12 | -$0.54 | Jul | $0.009 |
HRS Wheat: | $11.53 | -$0.03 | -$0.39 | Jul | -$0.001 |
CORN:
The national average corn basis for Thursday is 15 cents under the July futures, 1 cent stronger than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 40 cents under the July futures, 3 cents 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, 9 cents weaker than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 54 cents under the Kansas City July futures, 1 cent stronger than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 39 cents under the Minneapolis July futures, 1 cent weaker than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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