DTN Daily Basis Comments
Corn Basis Holds Steady Friday
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn is unchanged at 9 cents over the March futures contract, while the DTN National Corn Index is up 4 cents at $6.84. The national average basis for soybeans is 1 cent weaker at 29 cents under the March futures contract while the DTN National Soybean Index is up 8 cents at $14.99. The national average basis for hard red winter (HRW) wheat is 3 cents weaker at 33 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is up 7 cents at $8.11. The national average basis for hard red spring (HRS) wheat is 2 cents weaker at 22 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is down 2 cents at $8.90.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.84 | $0.04 | $0.09 | Mar | -$0.001 |
Soybeans: | $14.99 | $0.08 | -$0.29 | Mar | -$0.010 |
SRW Wheat: | $7.03 | $0.01 | -$0.40 | Mar | $0.001 |
HRW Wheat: | $8.11 | $0.07 | -$0.33 | Mar | -$0.022 |
HRS Wheat: | $8.90 | -$0.02 | -$0.22 | Mar | -$0.023 |
CORN:
The national average corn basis for Friday is 9 cents over the March futures, unchanged from Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is 29 cents under the March futures, 1 cent weaker than Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is 40 cents under the March futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is 33 cents under the Kansas City March futures, 3 cents weaker than Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is 22 cents under the Minneapolis March futures, 2 cents weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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