DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 41 cents under the July futures contract, while the DTN National Corn Index was down 1 cent at $4.27. The national average basis for soybeans was 1 cent stronger at 68 cents under the July futures, while the DTN National Soybean Index was down 2 cents at $11.24. The national average basis for hard red winter (HRW) wheat was 2 cents stronger at 68 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 18 cents at $5.99. The national average basis for hard red spring (HRS) wheat was steady at 52 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was down 18 cents at $6.22.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.27	-$0.01	-$0.41	Jul	$0.003
Soybeans:	$11.24	-$0.02	-$0.68	Jul	$0.006
SRW Wheat:	$5.56	-$0.04	-$0.56	Jul	$0.007
HRW Wheat:	$5.99	-$0.18	-$0.68	Jul	$0.021
HRS Wheat:	$6.22	-$0.18	-$0.52	Jul	$0.001

CORN:

The national average corn basis for Thursday was 41 cents under the July futures, unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 68 cents under the July futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday was 56 cents under the July futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 68 cents under the Kansas City July futures, 2 cents stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 52 cents under the MIAX Minneapolis July futures, unchanged from Wednesday's basis.

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

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