DTN Daily Basis Comments
Corn, Soybean and SRW Basis Stronger; HRW, HRS Weaker
The national average basis for corn was 1 cent stronger at 33 cents under the March futures contract while the DTN National Corn Index was up 1 cent at $3.42. The national average basis for soybeans was also 1 cent stronger at 94 cents under the March futures contract while the DTN National Soybean Index was up 1 cent at $8.01. The national average basis for HRW wheat was 3 cents weaker at 31 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 10 cents at $4.58. The national average basis for HRS wheat was 5 cents weaker at 43 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was down 6 cents at $5.06.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.42 | $0.01 | -$0.33 | Mar | $0.011 |
Soybeans: | $8.01 | $0.01 | -$0.94 | Mar | $0.010 |
SRW Wheat: | $4.78 | -$0.06 | -$0.26 | Mar | $0.023 |
HRW Wheat: | $4.58 | -$0.10 | -$0.31 | Mar | -$0.029 |
HRS Wheat: | $5.06 | -$0.06 | -$0.43 | Mar | -$0.049 |
The DTN National Corn Index for Monday indicated a national average basis of 33 cents under the Chicago March futures contract, 1 cent stronger from Friday's basis.
SOYBEANS:The DTN National Soybean Index for Monday indicated a national average basis of 94 cents under the Chicago March futures contract, 1 cent stronger from Friday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Monday indicated a national average basis of 26 cents under the Chicago March futures, 2 cents stronger from Friday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Monday indicated a national average basis of 31 cents under the Kansas City March futures contract, 3 cents weaker from Friday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Monday indicated a national average basis of 43 cents under the Minneapolis March futures contract, 5 cents weaker than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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