DTN Daily Basis Comments
Corn, Soybean Basis Steady Wednesday
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.
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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
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