DTN Daily Basis Comments

Soybean Basis Weaker

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 15 cents under the July futures contract, while the DTN National Corn Index was up 1 cent at $7.99. The national average basis for soybeans was 3 cents weaker at 40 cents under the July futures contract while the DTN National Soybean Index was down 11 cents at $16.45 The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 54 cents under the July futures contract and the DTN National Hard Red Winter Wheat Index was down 12 cents at $10.87. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 39 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $11.53.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $7.99 $0.01 -$0.15 Jul $0.001
Soybeans: $16.45 -$0.11 -$0.40 Jul -$0.026
SRW Wheat: $10.14 -$0.15 -$0.71 Jul -$0.096
HRW Wheat: $10.87 -$0.12 -$0.54 Jul $0.009
HRS Wheat: $11.53 -$0.03 -$0.39 Jul -$0.001

CORN:

The national average corn basis for Thursday is 15 cents under the July futures, 1 cent stronger than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 40 cents under the July futures, 3 cents weaker than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 71 cents under the July futures, 9 cents weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 54 cents under the Kansas City July futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 39 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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