The national average basis for corn was steady at 13 cents over the July futures contract while the Telvent DTN National Corn Index was up 10 cents to $6.49. The national average basis for soybeans was also steady at 43 cents under the July futures contract while the Telvent DTN National Soybean Index fell 33 cents to $13.62. The national average basis for HRW wheat was down 1 cent at 47 cents under the July futures contract while the Telvent DTN National Hard Red Winter Wheat Index was up 32 cents to $6.58.
CARTHAGE, MISS. (DTN) -- Everyone knows you make hay while the sun shines. There wasn't a cloud in the sky when I found Bobby Boone putting up large round bales along the Natchez Trace Parkway on May 1.