DTN Daily Basis Comments
Corn, Soybean Basis Strengthen
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 10 cents under the July futures contract, and the DTN National Corn Index was up 4 cents at $7.65. The national average basis for soybeans was 1 cent stronger at 35 cents under the July futures contract and the DTN National Soybean Index was up 8 cents at $15.57. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 52 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 9 cents at $11.23. The national average basis for hard red spring (HRS) wheat was 5 cents weaker at 43 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $11.71.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.65 | $0.04 | -$0.10 | Jul | $0.002 |
Soybeans: | $15.57 | $0.08 | -$0.35 | Jul | $0.005 |
SRW Wheat: | $10.24 | $0.01 | -$0.69 | Jul | $0.008 |
HRW Wheat: | $11.23 | $0.09 | -$0.52 | Jul | -$0.017 |
HRS Wheat: | $11.71 | $0.02 | -$0.43 | Jul | -$0.043 |
CORN:
The national average corn basis for Tuesday is 10 cents under the July futures, 1 cent stronger than Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 35 cents under the July futures, 1 cent stronger than Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 69 cents under the July futures, 1 cent stronger than Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 52 cents under the Kansas City July futures, 1 cent weaker than Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 43 cents under the Minneapolis July futures 5 cents weaker than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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