DTN Daily Basis Comments

Soybean Basis Weaker Again

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 unchanged at 13 cents over the July futures contract while the DTN National Corn Index was down 14 cents at $6.75. The national average basis for soybeans was 2 cents weaker at 25 cents under the July futures contract while the DTN National Soybean Index was down 15 cents at $15.24. The national average basis for HRW wheat was 1 cent weaker at 16 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 10 cents at $6.09. The national average basis for HRS wheat was 1 cent weaker at 30 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $7.47.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.75 -$0.14 $0.13 Jul -$0.009
Soybeans: $15.24 -$0.15 -$0.25 Jul -$0.016
SRW Wheat: $6.58 -$0.12 -$0.18 Jul -$0.007
HRW Wheat: $6.09 -$0.10 -$0.16 Jul -$0.006
HRS Wheat: $7.47 -$0.07 -$0.30 Jul -$0.015

CORN:

The national average corn basis for Thursday is at 13 cents over the July futures, unchanged from Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 25 cents under the July futures, 2 cents weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 18 cents under the July futures, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 16 cents under the Kansas City July futures, 1 cent weaker than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 30 cents under the Minneapolis July futures, 1 cent weaker than Wednesday'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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