DTN Daily Basis Comments
Soybean, Corn Basis Unchanged
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 5 cents at $4.17. The national average basis for soybeans was unchanged at 45 cents under the January futures contract while the DTN National Soybean Index was up 18 cents at $11.56. 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 up 9 cents at $5.43. 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 up 8 cents at $5.40.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.17 | $0.05 | -$0.16 | Mar | $0.000 |
Soybeans: | $11.56 | $0.18 | -$0.45 | Jan | $0.005 |
SRW Wheat: | $5.88 | $0.10 | -$0.21 | Mar | $0.000 |
HRW Wheat: | $5.43 | $0.09 | -$0.27 | Mar | $0.003 |
HRS Wheat: | $5.40 | $0.08 | -$0.27 | Mar | -$0.001 |
CORN:
The national average corn basis for Thursday is at 16 cents under the March futures, unchanged from Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 45 cents under the January futures, unchanged from Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 21 cents under the March futures, unchanged from Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 27 cents under the Kansas City March futures, unchanged from Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 27 cents under the Minneapolis March futures, unchanged from Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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