DTN Daily Basis Comments
Soybean Basis Stronger, Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 12 cents under the July futures contract, while the DTN National Corn Index was up 15 cents at $7.17. The national average basis for soybeans was 1 cent weaker at 47 cents under the July futures contract while the DTN National Soybean Index was up 25 cents at $16.25. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 68 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was up 49 cents at $10.35. The national average basis for hard red spring (HRS) wheat was 3 cents stronger at 46 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 31 cents at $10.36.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.17 | $0.15 | -$0.12 | Jul | -$0.004 |
Soybeans: | $16.25 | $0.25 | -$0.47 | Jul | -$0.011 |
SRW Wheat: | $10.03 | $0.49 | -$0.90 | Jul | $0.012 |
HRW Wheat: | $10.35 | $0.42 | -$0.68 | Jul | $0.012 |
HRS Wheat: | $10.36 | $0.31 | -$0.46 | Jul | $0.033 |
CORN:
The national average corn basis for Monday is 12 cents under the July futures, 1 cent weaker than Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is at 47 cents under the July futures, 1 cent stronger than Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 90 cents under the July futures, 1 cent stronger than Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 68 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 46 cents under the Minneapolis July futures, 3 cent stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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