DTN Daily Basis Comments
Hard Red Winter Wheat, Hard Red Spring Wheat Basis Levels Weaken
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 18 cents under the March futures contract while the DTN National Corn Index was down 2 cents at $5.31. The national average basis for soybeans was also unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was down 6 cents at $13.23. 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 up 5 cents at $5.97. The national average basis for HRS wheat was 4 cents weaker at 31 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $5.95.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.31 | -$0.02 | -$0.18 | Mar | -$0.001 |
Soybeans: | $13.23 | -$0.06 | -$0.43 | Mar | $0.000 |
SRW Wheat: | $6.23 | $0.04 | -$0.18 | Mar | $0.000 |
HRW Wheat: | $5.97 | $0.05 | -$0.28 | Mar | -$0.018 |
HRS Wheat: | $5.95 | $0.00 | -$0.31 | Mar | -$0.047 |
CORN:
The national average corn basis for Friday is at 18 cents under the March futures, unchanged from Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is at 43 cents under the March futures, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is at 18 cents under the March futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is at 28 cents under the Kansas City March futures, 2 cents weaker than Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is at 31 cents under the Minneapolis March futures, 4 cents weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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