DTN Daily Basis Comments
Soybean, SRW Wheat Basis Stronger
The national average basis for corn was unchanged at 26 cents under the July futures contract while the DTN National Corn Index was up 6 cents at $3.95. The national average basis for soybeans was 1 cent stronger at 81 cents under the July futures contract while the DTN National Soybean Index was unchanged at $7.88. The national average basis for HRW wheat was unchanged at 21 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 20 cents at $4.34. The national average basis for HRS wheat was 1 cent weaker at 48 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 17 cents at $5.17.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.95 | $0.06 | -$0.26 | Jul | $0.007 |
| Soybeans: | $7.88 | $0.00 | -$0.81 | Jul | $0.009 |
| SRW Wheat: | $4.93 | $0.20 | -$0.17 | Jul | $0.011 |
| HRW Wheat: | $4.34 | $0.10 | -$0.21 | Jul | $0.002 |
| HRS Wheat: | $5.17 | $0.17 | -$0.48 | Jul | -$0.008 |
CORN:
The DTN National Corn Index for Thursday indicated a national average basis of 26 cents under the Chicago July futures contract, unchanged from Wednesday's basis.
SOYBEANS:The DTN National Soybean Index for Thursday indicated a national average basis of 81 cents under the Chicago July futures contract, 1 cent stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Thursday indicated a national average basis of 17 cents under the Chicago July futures, 1 cent stronger than Wednesday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Thursday indicated a national average basis of 21 cents under the Kansas City July futures contract, unchanged from Wednesday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Thursday indicated a national average basis of 48 cents under the Minneapolis July futures contract, 1 cent weaker than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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