DTN Daily Basis Comments
Corn Basis Stronger
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 |
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
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