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 down 10 cents at $4.13. The national average basis for soybeans was 1 cent stronger at 57 cents under the July futures contract, while the DTN National Soybean Index was up 1 cent at $10.13. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 59 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.77. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 24 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was down 12 cents at $5.99.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.13	-$0.10	-$0.22	Jul	$0.001
Soybeans:	$10.13	$0.01	-$0.57	Jul	$0.008
SRW Wheat:	$4.90	-$0.07	-$0.47	Jul	$0.004
HRW Wheat:	$4.77	-$0.04	-$0.59	Jul	$0.011
HRS Wheat:	$5.99	-$0.12	-$0.24	Jul	-$0.003

CORN:

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

SOYBEAN:

The national average soybean basis for Monday was 57 cents under the July futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday was 59 cents under the Kansas City July futures, 1 cent stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday was 24 cents under the MIAX Minneapolis July futures, 1 cent weaker Friday's basis.

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

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