DTN Daily Basis Comments

Soy Basis Strengthens; HRW, HRS Basis Weakens

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 14 cents under the March futures contract while the DTN National Corn Index was up 5 cents at $3.80. The national average basis for soybeans was 1 cent stronger at 56 cents under the March futures contract while the DTN National Soybean Index was down 4 cents at $8.53. The national average basis for HRW wheat was 2 cents weaker at 28 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $4.64. The national average basis for HRS wheat was 5 cents weaker at 21 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was down 5 cents at $5.35.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.80 $0.05 -$0.14 Mar $0.000
Soybeans: $8.53 -$0.04 -$0.56 Mar $0.005
SRW Wheat: $5.75 $0.03 -$0.05 Mar $0.003
HRW Wheat: $4.64 -$0.02 -$0.28 Mar -$0.022
HRS Wheat: $5.35 -$0.05 -$0.21 Mar -$0.049

CORN:

The national average corn basis for Thursday is at 14 cents under the March futures, unchanged from Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 56 cents under the March futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 5 cents under the Chicago March futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 28 cents under the Kansas City March futures, 2 cents weaker than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 21 cents under the Minneapolis March futures, 5 cents weaker than Wednesday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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