DTN Daily Basis Comments

Soybean, Corn Basis Weaker

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 weaker at 15 cents over the July futures contract while the DTN National Corn Index was down 31 cents at $6.59. The national average basis for soybeans was 3 cents weaker at option the July futures contract while the DTN National Soybean Index was unchanged at $15.86. The national average basis for HRW wheat was unchanged at 20 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 20 cents at $6.37. The national average basis for HRS wheat was 1 cent stronger at 30 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 30 cents at $7.10.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.59 -$0.31 $0.15 Jul -$0.001
Soybeans: $15.86 -$0.01 $0.00 Jul -$0.029
SRW Wheat: $6.90 $0.05 -$0.17 Jul -$0.003
HRW Wheat: $6.37 -$0.01 -$0.20 Jul -$0.008
HRS Wheat: $7.10 $0.00 -$0.30 Jul $0.009

CORN:

The national average corn basis for Friday is at 15 cents over the July futures, 1 cent weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at option the July futures, 3 cents weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 17 cents under the July futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 20 cents under the Kansas City July futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 30 cents under the Minneapolis July futures, 1 cent stronger than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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