DTN Daily Basis Comments

Soybean, Corn Basis Weaker Again

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

TThe national average basis for corn was 1 cent weaker at 16 cents over the July futures contract while the DTN National Corn Index was up 9 cents at $6.68. The national average basis for soybeans was 2 cents weaker at 2 cents under the July futures contract while the DTN National Soybean Index was down 1 cent at $15.85. The national average basis for HRW wheat was 1 cent stronger at 19 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 4 cents at $6.33. The national average basis for HRS wheat was unchanged at 30 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 25 cents at $6.86.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.68 $0.09 $0.16 Jul $0.003
Soybeans: $15.85 -$0.01 -$0.02 Jul -$0.023
SRW Wheat: $6.82 -$0.08 -$0.18 Jul -$0.006
HRW Wheat: $6.33 -$0.04 -$0.19 Jul $0.015
HRS Wheat: $6.86 -$0.25 -$0.30 Jul $0.008

CORN:

The national average corn basis for Monday is at 16 cents over the July futures, 1 cent weaker than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 2 cents under the July futures, 2 cents weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 18 cents under the July futures, 1 cent weaker than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 20 cents under the Kansas City July futures, 1 cent stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 30 cents under the Minneapolis July futures, unchanged from Friday's basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
Connect with Mary: