DTN Daily Basis Comments

Corn, Soybean Basis Unchanged

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

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

CORN:

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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Mary Kennedy

Mary Kennedy
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