DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 35 cents over the July futures contract, and the DTN National Corn Index was up 3 cents at $6.21. The national average basis for soybeans was steady at 19 cents under the July futures contract, while the DTN National Soybean Index was down 15 cents at $13.71. The national average basis for hard red winter (HRW) wheat was 1 cent weaker at 28 cents under the July futures contract, and the DTN National Hard Red Winter Wheat Index was up 34 cents at $8.49. The national average basis for hard red spring (HRS) wheat was unchanged at 31 cents under the July futures contract, while the DTN National Hard Red Spring Wheat Index was up 10 cents at $8.15.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.21	$0.03	$0.35	Jul	-$0.005
Soybeans:	$13.71	-$0.15	-$0.19	Jul	$0.002
SRW Wheat:	$5.91	$0.09	-$0.44	Jul	$0.015
HRW Wheat:	$8.49	$0.34	-$0.28	Jul	-$0.016
HRS Wheat:	$8.15	$0.10	-$0.31	Jul	$0.004

CORN:

The national average corn basis for Friday was 35 cents over the July futures, 1 cent weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday was 19 cents under the July futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 44 cents under the July futures, 2 cents weaker than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 28 cents under the Kansas City July futures, 1 cent weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 31 cents under the Minneapolis July futures, unchanged from Thursday'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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