DTN Daily Basis Comments

All Basis Moved to July

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 5 cents stronger at 17 cents over the July futures contract while the DTN National Corn Index was up 2 cents at $6.72. The national average basis for soybeans was 1 cent weaker at 5 cents over the July futures contract while the DTN National Soybean Index was down 20 cents at $15.25. The national average basis for HRW wheat was 2 cents stronger at 26 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $6.85. The national average basis for HRS wheat was 1 cent stronger at 32 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $7.15.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.72 $0.02 $0.17 Jul $0.048
Soybeans: $15.25 -$0.20 $0.05 Jul -$0.006
SRW Wheat: $7.13 -$0.09 -$0.20 Jul -$0.025
HRW Wheat: $6.85 $0.05 -$0.26 Jul $0.021
HRS Wheat: $7.15 -$0.01 -$0.32 Jul $0.008

CORN:

The national average corn basis for Tuesday is at 17 cents over the July futures, 5 cents stronger than Monday basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 5 cents over the July futures, 1 cent weaker than Monday basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 20 cents under the July futures, 2 cents weaker than Monday basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 26 cents under the Kansas City July futures, 2 cents stronger than Monday basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 32 cents under the Minneapolis July futures, 1 cent stronger than Monday basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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