DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 26 cents under the July futures contract and the DTN National Corn Index was up 7 cents at $4.29. The national average basis for soybeans was steady at 51 cents under the July futures contract, while the DTN National Soybean Index was up 3 cents at $10.02. The national average basis for hard red winter (HRW) wheat was steady at 68 cents under the July futures contract, and the DTN National Hard Red Winter Wheat Index was up 14 cents at $4.68. The national average basis for hard red spring (HRS) wheat was steady at 24 cents under the MIAX Minneapolis July futures contract, and the DTN National Hard Red Spring Wheat Index was up 13 cents at $5.74.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.29	$0.07	-$0.26	Jul	$0.003
Soybeans:	$10.02	$0.03	-$0.51	Jul	$0.008
SRW Wheat:	$4.88	$0.18	-$0.58	Jul	$0.012
HRW Wheat:	$4.68	$0.14	-$0.68	Jul	$0.003
HRS Wheat:	$5.74	$0.13	-$0.24	Jul	$0.004

CORN:

The national average corn basis for Tuesday was 26 cents under the July futures, unchanged from Monday's basis.

SOYBEAN:

The national average soybean basis for Tuesday was 51 cents under the July futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 58 cents under the July futures, 2 cents stronger than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 68 cents under the Kansas City July futures, unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 24 cents under the MIAX Minneapolis July futures, unchanged from Monday's basis.

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

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