DTN Daily Basis Comments
Corn, Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 7 cents under the July futures contract, while the DTN National Corn Index was up 2 cents at $7.76. 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 up 28 cents at $16.57. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 53 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 30 cents at $12.41. The national average basis for hard red spring (HRS) wheat was 4 cents weaker at 50 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 26 cents at $12.81.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $7.76 | $0.02 | -$0.07 | Jul | $0.005 |
Soybeans: | $16.57 | $0.28 | -$0.33 | Jul | $0.007 |
SRW Wheat: | $11.28 | -$0.28 | -$0.73 | Jul | $0.022 |
HRW Wheat: | $12.41 | -$0.30 | -$0.54 | Jul | -$0.011 |
HRS Wheat: | $12.81 | -$0.26 | -$0.50 | Jul | -$0.039 |
CORN:
The national average corn basis for Thursday is 7 cents under the July futures, 1 cent stronger than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 33 cents under the July futures, 1 cent stronger Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 73 cents under the July futures, 2 cents stronger 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 weaker than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 50 cents under the Minneapolis July futures, 4 cents weaker than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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