DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 18 cents under the July futures contract and the DTN National Corn Index was down 4 cents at $4.31. The national average basis for soybeans was unchanged at 59 cents under the July futures contract, while the DTN National Soybean Index was down 20 cents at $11.20. The national average basis for hard red winter (HRW) wheat was unchanged at 51 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 13 cents at $6.15. The national average basis for hard red spring (HRS) wheat was unchanged at 43 cents under the July futures contract, while the DTN National Hard Red Spring Wheat Index was down 13 cents at $6.51.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.31	-$0.04	-$0.18	Jul	-$0.003
Soybeans:	$11.20	-$0.20	-$0.59	Jul	$0.003
SRW Wheat:	$5.72	-$0.11	-$0.55	Jul	$0.006
HRW Wheat:	$6.15	-$0.13	-$0.51	Jul	-$0.004
HRS Wheat:	$6.51	-$0.13	-$0.43	Jul	-$0.003

CORN:

The national average corn basis for Friday was 18 cents under the July futures, 1 cent weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday was 59 cents under the July futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 55 cents under the July futures, 1 cent stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 51 cents under the Kansas City July futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 43 cents under the Minneapolis July futures, unchanged from Thursday's basis.

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

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