DTN Daily Basis Comments
Corn Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn is steady at 9 cents over the March futures contract, while the DTN National Corn Index is down 2 cents at $6.61. The national average basis for soybeans is 1 cent stronger at 27 cents under the March futures contract while the DTN National Soybean Index is down 4 cents at $14.61. The national average basis for hard red winter (HRW) wheat is 2 cents stronger at 31 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is down 2 cents at $7.97. The national average basis for hard red spring (HRS) wheat is 4 cents stronger at 20 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index is up 4 cents at $8.82.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.61 | -$0.02 | $0.09 | Mar | -$0.006 |
Soybeans: | $14.61 | -$0.04 | -$0.27 | Mar | $0.004 |
SRW Wheat: | $7.00 | -$0.03 | -$0.42 | Mar | -$0.006 |
HRW Wheat: | $7.97 | -$0.02 | -$0.31 | Mar | $0.019 |
HRS Wheat: | $8.82 | $0.04 | -$0.20 | Mar | $0.041 |
CORN:
The national average corn basis for Monday is 9 cents over the March futures, unchanged from Friday's basis.
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SOYBEANS:
The national average soybean basis for Monday is 27 cents under the March futures, 1 cent stronger than Friday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday is 42 cents under the March futures, 1 cent weaker than Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday is 31 cents under the Kansas City March futures, 2 cents stronger than Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday is 20 cents under the Minneapolis March futures, 4 cents stronger than Friday's basis
Mary Kennedy can be reached at mary.kennedy@dtn.com
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