DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents stronger at 23 cents under the July futures contract while the DTN National Corn Index was down 1 cent at $4.24. The national average basis for soybeans was 4 cents stronger at 65 cents under the July futures contract, while the DTN National Soybean Index was down 15 cents at $10.98. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 54 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 14 cents at $5.81. The national average basis for hard red spring (HRS) wheat was 2 cents stronger at 24 cents under the July futures contract, while the DTN National Hard Red Spring Wheat Index was down 1 cent at $6.80.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.24	-$0.01	-$0.23	Jul	$0.020
Soybeans:	$10.98	-$0.15	-$0.65	Jul	$0.039
SRW Wheat:	$5.38	-$0.04	-$0.65	Jul	$0.016
HRW Wheat:	$5.81	-$0.14	-$0.54	Jul	$0.009
HRS Wheat:	$6.80	-$0.01	-$0.24	Jul	$0.020

CORN:

The national average corn basis for Tuesday was 23 cents under the July futures, 2 cents stronger than Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday was 65 cents under the July futures, 4 cents stronger than Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 65 cents under the July futures, 2 cents stronger than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 54 cents under the Kansas City July futures, 1 cent stronger than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 24 cents under the Minneapolis July futures, 2 cents stronger than Monday's basis.

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

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