DTN Daily Basis Comments
Soybean Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 16 cents under the March futures contract while the DTN National Corn Index was up 3 cents at $4.12. The national average basis for soybeans was 1 cent stronger at 45 cents under the January futures contract while the DTN National Soybean Index was unchanged at $11.38. The national average basis for HRW wheat was unchanged at 27 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $5.35. The national average basis for HRS wheat was unchanged at 27 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.32.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.12 | $0.03 | -$0.16 | Mar | $0.006 |
Soybeans: | $11.38 | $0.00 | -$0.45 | Jan | $0.005 |
SRW Wheat: | $5.78 | -$0.01 | -$0.21 | Mar | $0.004 |
HRW Wheat: | $5.35 | -$0.05 | -$0.27 | Mar | -$0.003 |
HRS Wheat: | $5.32 | -$0.01 | -$0.27 | Mar | -$0.003 |
CORN:
The national average corn basis for Wednesday is at 16 cents under the March futures, unchanged from Tuesday's basis.
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SOYBEANS:
The national average soybean basis for Wednesday is at 45 cents under the January futures, 1 cent stronger than Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 21 cents under the March futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 27 cents under the Kansas City March futures, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 27 cents under the Minneapolis March futures, 1 cent weaker than Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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