DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 27 cents under the July futures contract and the DTN National Corn Index was down 5 cents at $4.15. The national average basis for soybeans was steady at 52 cents under the July futures contract, while the DTN National Soybean Index was up 1 cent at $10.20. The national average basis for hard red winter (HRW) wheat was steady at 69 cents under the July futures contract, and the DTN National Hard Red Winter Wheat Index was up 3 cents at $4.42. The national average basis for hard red spring (HRS) wheat was steady at 25 cents under the Minneapolis July futures contract, and the DTN National Hard Red Spring Wheat Index was down 3 cents at $5.56.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.15	-$0.05	-$0.27	Jul	$0.003
Soybeans:	$10.20	$0.01	-$0.52	Jul	$0.000
SRW Wheat:	$4.57	$0.02	-$0.60	Jul	$0.002
HRW Wheat:	$4.42	$0.03	-$0.69	Jul	-$0.004
HRS Wheat:	$5.56	-$0.03	-$0.25	Jul	-$0.001

CORN:

The national average corn basis for Tuesday was 27 cents under the July futures, 1 cent stronger than Thursday's basis.

SOYBEAN:

The national average soybean basis for Tuesday was 52 cents under the July futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 60 cents under the July futures, 1 cent stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 69 cents under the Kansas City July futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 25 cents under the Minneapolis July futures, unchanged from Thursday's basis.

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

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