DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 40 cents under the July futures contract, while the DTN National Corn Index was down 12 cents at $4.16. The national average basis for soybeans was 1 cent stronger at 65 cents under the July futures, while the DTN National Soybean Index was down 14 cents at $11.12. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 67 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 17 cents at $6.21. The national average basis for hard red spring (HRS) wheat was steady at 53 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was down 18 cents at $6.32.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.16	-$0.12	-$0.40	Jul	$0.001
Soybeans:	$11.12	-$0.14	-$0.65	Jul	$0.010
SRW Wheat:	$5.80	-$0.19	-$0.56	Jul	$0.031
HRW Wheat:	$6.21	-$0.17	-$0.67	Jul	-$0.001
HRS Wheat:	$6.32	-$0.18	-$0.53	Jul	-$0.003

CORN:

The national average corn basis for Friday was 40 cents under the July futures, unchanged from Thursday's basis.

SOYBEAN:

The national average soybean basis for Friday was 65 cents under the July futures, 1 cent stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 56 cents under the July futures, 3 cents stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 67 cents under the Kansas City July futures, 1 cent weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 53 cents under the MIAX Minneapolis July futures, unchanged from Thursday's basis.

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

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