DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents stronger at 8 cents over the July futures contract, while the DTN National Corn Index was up 10 cents at $7.81. The national average basis for soybeans was 5 cents stronger at 40 cents over the August futures contract while the DTN National Soybean Index was up 22 cents at $17.19. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 50 cents under the July futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $11.04. The national average basis for hard red spring (HRS) wheat was unchanged at 45 cents under the July futures contract while the DTN National Hard Red Spring Wheat Index was down 10 cents at $11.79.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$7.81	$0.10	$0.08	Jul	$0.012
Soybeans:	$17.19	$0.22	$0.40	Aug	$0.046
SRW Wheat:	$9.96	-$0.02	-$0.76	Jul	$0.018
HRW Wheat:	$11.04	-$0.02	-$0.50	Jul	-$0.005
HRS Wheat:	$11.79	-$0.10	-$0.45	Jul	$0.002

CORN:

The national average corn basis for Thursday is 8 cents over the July futures, 2 cents stronger than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 40 cents over the August futures, 5 cents stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 76 cents under the July futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 50 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 45 cents under the Minneapolis July futures, unchanged from Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

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