DTN Daily Basis Comments
Corn Basis Stronger
The national average basis for corn was 1 cent stronger at 16 cents under the July futures contract while the DTN National Corn Index was down 3 cents at $4.28. The national average basis for soybeans was unchanged at 75 cents under the July futures contract while the DTN National Soybean Index was down 9 cents at $8.20. The national average basis for HRW wheat was unchanged at 17 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 4 cents at $4.52. The national average basis for HRS wheat was unchanged at 42 cents under the July futures contract and the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.09.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.28 | -$0.03 | -$0.16 | Jul | $0.012 |
Soybeans: | $8.20 | -$0.09 | -$0.75 | Jul | $0.003 |
SRW Wheat: | $5.30 | $0.08 | -$0.14 | Jul | -$0.004 |
HRW Wheat: | $4.52 | $0.04 | -$0.17 | Jul | $0.004 |
HRS Wheat: | $5.09 | $0.02 | -$0.42 | Jul | $0.004 |
CORN:
The DTN National Corn Index for Wednesday indicated a national average basis of 16 cents under the Chicago July futures contract, 1 cent stronger than Tuesday's basis.
SOYBEANS:The DTN National Soybean Index for Wednesday indicated a national average basis of 75 cents under the Chicago July futures contract, unchanged from Tuesday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Wednesday indicated a national average basis of 14 cents under the Chicago July futures, 1 cent weaker than Tuesday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Wednesday indicated a national average basis of 17 cents under the Kansas City July futures contract, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Wednesday indicated a national average basis of 42 cents under the Minneapolis July futures contract, unchanged fromTuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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