DTN Daily Basis Comments

All Basis Levels Stronger Monday

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 4 cents stronger at 12 cents under the March futures contract while the DTN National Corn Index was down 6 cents at $5.70. The national average basis for soybeans was 1 cent stronger at 37 cents under the January futures contract while the DTN National Soybean Index was down 10 cents at $12.04. The national average basis for hard red winter (HRW) wheat was 5 cents stronger at 18 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 7 cents at $8.39. The national average basis for hard red spring (HRS) wheat was 5 cents stronger at 32 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 2 cents at $10.14.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.70 -$0.06 -$0.12 Mar $0.039
Soybeans: $12.04 -$0.10 -$0.37 Jan $0.009
SRW Wheat: $7.67 -$0.12 -$0.55 Mar $0.057
HRW Wheat: $8.39 -$0.07 -$0.18 Mar $0.046
HRS Wheat: $10.14 $0.02 -$0.32 Mar $0.051

CORN:

The national average corn basis for Monday is 12 cents under the March futures, 4 cents stronger than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 37 cents under the January futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 55 cents under the March futures, 6 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 18 cents under the Kansas City March futures, 5 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 32 cents under the Minneapolis March futures, 5 cents stronger than Friday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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