DTN Daily Basis Comments
Corn, Soybean Basis Steady
The national average basis for corn was unchanged at 28 cents under the March futures contract while the DTN National Corn Index was up 6 cents at $3.50. The national average basis for soybeans was unchanged at 88 cents under the March futures contract while the DTN National Soybean Index was up 13 cents at $8.30. The national average basis for HRW wheat was 2 cents stronger at 21 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $4.71. The national average basis for HRS wheat was 1 cent stronger at 37 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 5 cents at $5.40.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.50 | $0.06 | -$0.28 | Mar | $0.005 |
| Soybeans: | $8.30 | $0.13 | -$0.88 | Mar | $0.001 |
| SRW Wheat: | $4.94 | $0.00 | -$0.26 | Mar | -$0.013 |
| HRW Wheat: | $4.71 | $0.00 | -$0.21 | Mar | $0.018 |
| HRS Wheat: | $5.40 | $0.05 | -$0.37 | Mar | $0.011 |
The DTN National Corn Index for Tuesday indicated a national average basis of 28 cents under the Chicago March futures contract, unchanged from Monday's basis.
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The DTN National Soybean Index for Tuesday indicated a national average basis of 88 cents under the Chicago March futures contract, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat (SRW) Index for Tuesday indicated a national average basis of 26 cents under the Chicago March futures, 1 cent weaker than Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat (HRW) Index for Tuesday indicated a national average basis of 21 cents under the Kansas City March futures contract, 2 cents stronger than Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat (HRS) Index for Tuesday indicated a national average basis of 37 cents under the Minneapolis March futures contract, 1 cent stronger than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
(BE)
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