DTN Daily Basis Comments

Corn, Soybean Basis Steady Wednesday

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 10 cents under the July futures contract, while the DTN National Corn Index was up 14 cents at $7.79. The national average basis for soybeans was also unchanged at 35 cents under the July futures contract while the DTN National Soybean Index was up 15 cents at $15.72. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 53 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 25 cents at $11.47. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 44 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 41 cents at $12.12.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $7.79 $0.14 -$0.10 Jul $0.004
Soybeans: $15.72 $0.15 -$0.35 Jul $0.005
SRW Wheat: $10.44 $0.20 -$0.69 Jul $0.000
HRW Wheat: $11.47 $0.25 -$0.53 Jul -$0.009
HRS Wheat: $12.12 $0.41 -$0.44 Jul -$0.017

CORN:

The national average corn basis for Wednesday is 10 cents under the July futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 35 cents under the July futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 69 cents under the July futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 53 cents under the Kansas City July futures, 1 cent weaker than Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 44 cents under the Minneapolis July futures 1 cent weaker than Tuesday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
Connect with Mary: