DTN Daily Basis Comments

Corn Basis Stronger

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 1 cent stronger at 31 cents under the July futures contract while the DTN National Corn Index was down 10 cents at $3.36. The national average basis for soybeans was unchanged at 65 cents under the July futures contract, while the DTN National Soybean Index was down 16 cents at $8.89. The national average basis for HRW wheat was 3 cents stronger at 17 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was unchanged 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 3 cents at $5.75.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.36 -$0.10 -$0.31 Jul $0.007
Soybeans: $8.89 -$0.16 -$0.65 Jul $0.000
SRW Wheat: $4.88 -$0.05 -$0.26 Jul $0.004
HRW Wheat: $5.18 $0.00 -$0.17 Jul $0.035
HRS Wheat: $5.75 -$0.03 -$0.15 Jul -$0.006

CORN:

The DTN National Corn Index for Monday indicated a national average basis of 31 cents under the Chicago July futures contract, 1 cent stronger than Friday's basis.

SOYBEANS:

The DTN National Soybean Index for Monday indicated a national average basis of 65 cents under the Chicago July futures contract, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Monday indicated a national average basis of 26 cents under the Chicago July futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Monday indicated a national average basis of 17 cents under the Kansas City July futures contract, 3 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Monday indicated a national average basis of 15 cents under the Minneapolis July futures contract, unchanged from Friday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

Mary Kennedy

Mary Kennedy
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