DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents stronger at 11 cents under the July futures contract while the DTN National Corn Index was down 9 cents at $6.42. The national average basis for soybeans was 1 cent stronger at 33 cents under the July futures contract while the DTN National Soybean Index was down 13 cents at $13.38. The national average basis for HRW wheat was 2 cents stronger at 13 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $5.93. 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 up 5 cents at $7.77.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.42	-$0.09	-$0.11	Jul	$0.019
Soybeans:	$13.38	-$0.13	-$0.33	Jul	$0.008
SRW Wheat:	$6.26	-$0.10	-$0.25	Jul	$0.000
HRW Wheat:	$5.93	-$0.05	-$0.13	Jul	$0.011
HRS Wheat:	$7.77	$0.05	-$0.32	Jul	$0.006

CORN:

The national average corn basis for Thursday is at 11 cents under the July futures, 2 cents stronger than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 33 cents under the July futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 25 cents under the July futures, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 13 cents under the Kansas City July futures, 2 cents stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 32 cents under the Minneapolis July futures, 1 cent stronger than Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

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