DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 22 cents under the July futures contract while the DTN National Corn Index was up 6 cents at $4.22. The national average basis for soybeans was 4 cents weaker at 58 cents under the July futures contract, while the DTN National Soybean Index was up 24 cents at $10.12. The national average basis for hard red winter (HRW) wheat was steady at 60 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was up 18 cents at $4.81. The national average basis for hard red spring (HRS) wheat was steady at 23 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was up 14 cents at $6.11.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.22	$0.06	-$0.22	Jul	$0.000
Soybeans:	$10.12	$0.24	-$0.58	Jul	-$0.031
SRW Wheat:	$4.96	$0.16	-$0.47	Jul	-$0.009
HRW Wheat:	$4.81	$0.18	-$0.60	Jul	-$0.002
HRS Wheat:	$6.11	$0.14	-$0.23	Jul	$0.000

CORN:

The national average corn basis for Friday was 22 cents under the July futures, unchanged from Thursday's basis.

SOYBEAN:

The national average soybean basis for Friday was 58 cents under the July futures, 4 cents weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 47 cents under the July futures, unchanged from Thursday's basis

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 60 cents under the Kansas City July futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 23 cents under the MIAX Minneapolis July futures, unchanged from Thursday's basis.

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

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