The national average basis for corn was up 1 cent at 13 cents over the July futures contract and the Telvent DTN National Corn Index was up 6 cents to $6.38. The national average basis for soybeans was also up 1 cent at 44 cents under the July futures contract and the Telvent DTN National Soybean Index climbed 17 cents to $13.94. The national average basis for HRW wheat was unchanged at 47 cents under the July futures contract while the Telvent DTN National Hard Red Winter Wheat Index was up 16 cents to $6.25.
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.