DTN Daily Basis Comments
Corn, Soybean Basis Unchanged
The national average basis for corn was unchanged at 32 cents under the July futures contract while the DTN National Corn Index was up 1 cent at $3.46. The national average basis for soybeans was unchanged at 65 cents under the July futures contract, while the DTN National Soybean Index was down 5 cents at $9.04. The national average basis for HRW wheat was 8 cents stronger at 20 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was up 1 cent at $5.18. The national average basis for HRS wheat was unchanged at 15 cents under the July futures contract, while the DTN National Hard Red Spring Wheat Index was down 5 cents at $5.78.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.46 | $0.01 | -$0.32 | Jul | -$0.001 |
Soybeans: | $9.04 | -$0.05 | -$0.65 | Jul | $0.001 |
SRW Wheat: | $4.94 | -$0.06 | -$0.26 | Jul | $0.007 |
HRW Wheat: | $5.18 | $0.01 | -$0.20 | Jul | $0.075 |
HRS Wheat: | $5.78 | -$0.05 | -$0.15 | Jul | $0.001 |
The DTN National Corn Index for Friday indicated a national average basis of 32 cents under the Chicago July futures contract, unchanged from Thursday's basis.
SOYBEANS:The DTN National Soybean Index for Friday indicated a national average basis of 65 cents under the Chicago July futures contract, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 26 cents under the Chicago July futures, 1 cent stronger from Thursday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 20 cents under the Kansas City July futures contract, 8 cents stronger than Thursday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 15 cents under the Minneapolis July futures contract, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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