DTN Daily Basis Comments
Corn, Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 36 cents under the July futures contract, while the DTN National Corn Index was down 1 cent at $4.08. The national average basis for soybeans was 1 cent stronger at 61 cents under the July futures, while the DTN National Soybean Index was down 4 cents at $11.20. The national average basis for hard red winter (HRW) wheat was 5 cents stronger at 61 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was up 2 cents at $5.86. The national average basis for hard red spring (HRS) wheat was up 8 cents at 44 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was down 4 cents at $6.08.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $4.08 | -$0.01 | -$0.36 | Jul | $0.013 |
| Soybeans: | $11.20 | -$0.04 | -$0.61 | Jul | $0.016 |
| SRW Wheat: | $5.57 | $0.03 | -$0.52 | Jul | $0.048 |
| HRW Wheat: | $5.86 | $0.02 | -$0.61 | Jul | $0.048 |
| HRS Wheat: | $6.08 | -$0.04 | -$0.44 | Jul | $0.080 |
CORN:
The national average corn basis for Monday was 37 cents under the July futures, 1 cent stronger than Friday's basis.
SOYBEAN:
The national average soybean basis for Monday was 61 cents under the July futures, 1 cent stronger than Friday's basis.
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SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday was 52 cents under the July futures, 4 cents stronger than Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday was 61 cents under the Kansas City July futures, 5 cents stronger than Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday was 44 cents under the MIAX Minneapolis July futures, 8 cents stronger than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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