DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 35 cents under the July futures contract, while the DTN National Corn Index was down 8 cents at $3.96. The national average basis for soybeans was steady at 60 cents under the July futures, while the DTN National Soybean Index was down 11 cents at $10.94. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 60 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was down 10 cents at $5.64. The national average basis for hard red spring (HRS) wheat was unchanged at 44 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was down 11 cents at $5.82.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.96	-$0.08	-$0.35	Jul	$0.006
Soybeans:	$10.94	-$0.11	-$0.60	Jul	$0.004
SRW Wheat:	$5.39	-$0.16	-$0.48	Jul	$0.000
HRW Wheat:	$5.64	-$0.10	-$0.60	Jul	$0.006
HRS Wheat:	$5.82	-$0.11	-$0.44	Jul	-$0.001

CORN:

The national average corn basis for Wednesday was 35 cents under the July futures, 1 cent stronger than Tuesday's basis.

SOYBEAN:

The national average soybean basis for Wednesday was 60 cents under the July futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday was 48 cents under the July futures, 1 cent stronger than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday was 60 cents under the Kansas City July futures, 1 cent stronger than Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday was 44 cents under the MIAX Minneapolis July futures, unchanged from Tuesday's basis.

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

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