DTN Daily Basis Comments

Corn Basis Steady; Soy, HRW Wheat Basis Weakens

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 unchanged at 32 cents under the March futures contract while the DTN National Corn Index was down 1 cent at $3.20. The national average basis for soybeans was 2 cents weaker at 70 cents under the March futures contract while the DTN National Soybean Index was up 5 cents at $9.14. The national average basis for HRW wheat was 1 cent weaker at 44 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $3.85. The national average basis for HRS wheat was unchanged at 19 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 2 cents at $5.88.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.20 -$0.01 -$0.32 Mar -$0.002
Soybeans: $9.14 $0.05 -$0.70 Mar -$0.015
SRW Wheat: $3.95 $0.03 -$0.31 Mar $0.001
HRW Wheat: $3.85 $0.00 -$0.44 Mar -$0.007
HRS Wheat: $5.88 -$0.02 -$0.19 Mar $0.000

CORN:

The DTN National Corn Index for Monday indicated a national average basis of 32 cents under the Chicago March futures contract, unchanged from Friday's basis.

SOYBEANS:

The DTN National Soybean Index for Monday indicated a national average basis of 70 cents under the Chicago March futures contract, 2 cents weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Monday indicated a national average basis of 31 cents under the Chicago March futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Monday indicated a national average basis of 44 cents under the Kansas City March futures contract, 1 cent weaker than Friday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Monday indicated a national average basis of 19 cents under the Minneapolis March futures contract, unchanged from Friday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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