DTN Daily Basis Comments
Corn Basis Steady; Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 16 cents under the July futures contract, while the DTN National Corn Index was down 2 cents at $7.43. The national average basis for soybeans was 3 cents weaker at 45 cents under the July futures contract while the DTN National Soybean Index was down 30 cents at $15.96. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 60 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was up 34 cents at $10.85. The national average basis for hard red spring (HRS) wheat was 4 cents stronger at 38 cents under the July futures contract and the DTN National Hard Red Spring Wheat Index was up 18 cents at $11.02.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.43 | -$0.02 | -$0.16 | Jul | -$0.005 |
Soybeans: | $15.96 | -$0.30 | -$0.45 | Jul | -$0.024 |
SRW Wheat: | $10.16 | $0.30 | -$0.73 | Jul | -$0.004 |
HRW Wheat: | $10.85 | $0.34 | -$0.60 | Jul | -$0.016 |
HRS Wheat: | $11.02 | $0.18 | -$0.38 | Jul | $0.039 |
CORN:
The national average corn basis for Monday is 16 cents under the July futures, unchanged from Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is at 45 cents under the July futures, 3 cents weaker than Friday's basis
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is at 73 cents under the July futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is at 60 cents under the Kansas City July futures, 1 cents weaker than Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday is at 38 cents under the Minneapolis July futures, 4 cents stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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