DTN Daily Basis Comments
Corn, Soybean Basis Unchanged
The national average basis for corn was unchanged at 31 cents under the March futures contract while the DTN National Corn Index was down 1 cent at $3.36. The national average basis for soybeans was unchanged at 69 cents under the March futures contract and the DTN National Soybean Index was up 10 cents at $9.43. The national average basis for HRW wheat was 1 cent stronger at 41 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $4.33. The national average basis for HRS wheat was unchanged at 16 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 8 cents at $5.85.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.36 | -$0.01 | -$0.31 | Mar | -$0.004 |
Soybeans: | $9.43 | $0.10 | -$0.69 | Mar | $0.000 |
SRW Wheat: | $4.32 | -$0.03 | -$0.29 | Mar | $0.006 |
HRW Wheat: | $4.33 | -$0.02 | -$0.41 | Mar | $0.005 |
HRS Wheat: | $5.85 | -$0.08 | -$0.16 | Mar | $0.001 |
The DTN National Corn Index for Tuesday indicated a national average basis of 31 cents under the Chicago March futures contract, unchanged from Monday's basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 69 cents under the Chicago March futures contract, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Tuesday indicated a national average basis of 29 cents under the Chicago March futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Tuesday indicated a national average basis of 41 cents under the Kansas City March futures contract, 1 cent stronger than Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Tuesday indicated a national average basis of 16 cents under the Minneapolis March futures contract, unchanged from Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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