DTN Daily Basis Comments
Corn Basis Weaker Again
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 18 cents under the March futures contract while the DTN National Corn Index was up 6 cents at $5.06. The national average basis for soybeans was unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was down 12 cents at $13.63. The national average basis for HRW wheat was 1 cent weaker at 27 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 3 cents at $5.99. The national average basis for HRS wheat was unchanged at 27 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 8 cents at $6.02.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.06 | $0.06 | -$0.18 | Mar | -$0.010 |
Soybeans: | $13.63 | -$0.12 | -$0.43 | Mar | $0.002 |
SRW Wheat: | $6.42 | -$0.05 | -$0.19 | Mar | -$0.005 |
HRW Wheat: | $5.99 | $0.03 | -$0.27 | Mar | -$0.001 |
HRS Wheat: | $6.02 | $0.08 | -$0.27 | Mar | -$0.002 |
CORN:
The national average corn basis for Wednesday is at 18 cents under the March futures, 1 cent weaker than Tuesday's basis.
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SOYBEANS:
The national average soybean basis for Wednesday is at 43 cents under the March futures, unchanged from Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 19 cents under the March futures, 1 cent weaker than 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, 1 cent weaker 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, unchanged from Tuesday's basis
Mary Kennedy can be reached at mary.kennedy@dtn.com
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