DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 32 cents under the July futures contract, while the DTN National Corn Index was down 7 cents at $3.79. The national average basis for soybeans was 1 cent stronger at 53 cents under the July futures, while the DTN National Soybean Index was down 7 cents at $10.62. The national average basis for hard red winter (HRW) wheat was steady at 57 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was up 5 cents at $5.78. The national average basis for hard red spring (HRS) wheat was steady at 42 cents under the MIAX Minneapolis July futures contract, while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.77.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.79	-$0.07	-$0.32	Jul	-$0.001
Soybeans:	$10.62	-$0.07	-$0.53	Jul	$0.007
SRW Wheat:	$5.39	$0.01	-$0.48	Jul	$0.023
HRW Wheat:	$5.78	$0.05	-$0.57	Jul	$0.008
HRS Wheat:	$5.77	$0.02	-$0.42	Jul	$0.003

CORN:

The national average corn basis for Thursday was 32 cents under the July futures, unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 53 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 48 cents under the July futures, 2 cents stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 57 cents under the Kansas City July futures, unchanged from Wednesday's basis

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 42 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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