DTN Daily Basis Comments
Corn Basis Weaker; Soybean Basis Stronger Ahead of Long Weekend
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 down 3 cents at $5.21. The national average basis for soybeans was 1 cent stronger at 42 cents under the March futures contract while the DTN National Soybean Index was up 5 cents at $13.30. The national average basis for HRW wheat was 1 cent weaker at 26 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $5.91. The national average basis for HRS wheat was 1 cent stronger at 27 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $5.89.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.21 | -$0.03 | -$0.18 | Mar | -$0.003 |
Soybeans: | $13.30 | $0.05 | -$0.42 | Mar | $0.006 |
SRW Wheat: | $6.19 | $0.03 | -$0.18 | Mar | -$0.003 |
HRW Wheat: | $5.91 | $0.05 | -$0.26 | Mar | -$0.005 |
HRS Wheat: | $5.89 | $0.00 | -$0.27 | Mar | $0.006 |
CORN:
The national average corn basis for Friday is at 18 cents under the March futures, 1 cent weaker than Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is at 42 cents under the March futures, 1 cent stronger than Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is at 18 cents under the March futures, 1 cent weaker than Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is at 26 cents under the Kansas City March futures, 1 cent weaker than Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is at 27 cents under the Minneapolis March futures, 1 cent stronger than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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