DTN Daily Basis Comments
Corn and Soybean Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 35 cents over the July futures contract, while the DTN National Corn Index was down 20 cents at $6.17. The national average basis for soybeans was unchanged at 17 cents under the July futures contract, and the DTN National Soybean Index was down 17 cents at $13.87. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 25 cents under the July futures contract, and the DTN National Hard Red Winter Wheat Index was down 17 cents at $7.40. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 32 cents under the July futures contract, and the DTN National Hard Red Spring Wheat Index was down 29 cents at $7.53.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $6.17 | -$0.20 | $0.35 | Jul | -$0.001 |
| Soybeans: | $13.87 | -$0.11 | -$0.17 | Jul | -$0.001 |
| SRW Wheat: | $5.76 | -$0.10 | -$0.53 | Jul | $0.025 |
| HRW Wheat: | $7.40 | -$0.17 | -$0.25 | Jul | $0.006 |
| HRS Wheat: | $7.53 | -$0.29 | -$0.32 | Jul | -$0.009 |
CORN:
The national average corn basis for Thursday was 35 cents over the July futures, unchanged from Wednesday's basis.
SOYBEANS:
The national average soybean basis for Thursday was 17 cents under the July futures, unchanged from Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday was 53 cents under the July futures, 3 cents stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday was 25 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 was 32 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 can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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