DTN Daily Basis Comments
Soy Basis Strengthens; HRW, HRS Basis Weakens
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 |
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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