Corn, Soybean Basis Steady
Soybean, soft red winter, corn, and spring wheat basis was steady Friday, while hard red winter wheat basis was stronger.
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 up 1 cent at $3.81. The national average basis for soybeans was steady at 53 cents under the July futures, while the DTN National Soybean Index was down 2 cents at $10.60. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 56 cents under the July futures contract, while the DTN National Hard Red Winter Wheat Index was unchanged 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 down 1 cent at $5.77.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.81 | $0.01 | -$0.32 | Jul | $0.004 |
| Soybeans: | $10.60 | -$0.02 | -$0.53 | Jul | -$0.002 |
| SRW Wheat: | $5.36 | -$0.02 | -$0.48 | Jul | -$0.002 |
| HRW Wheat: | $5.78 | $0.00 | -$0.56 | Jul | $0.001 |
| HRS Wheat: | $5.77 | -$0.01 | -$0.42 | Jul | $0.005 |
CORN:
The national average corn basis for Friday was 32 cents under the July futures, unchanged from Thursday’s basis.
SOYBEAN:
The national average soybean basis for Friday was 53 cents under the July futures, unchanged from Thursday’s basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday was 48 cents under the July futures, unchanged from Thursday’s basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday was 56 cents under the Kansas City July futures, 1 cent stronger than Thursday’s basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday was 42 cents under the MIAX Minneapolis July futures, unchanged from Thursday’s basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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