DTN Daily Basis Comments

Soy, Corn Basis Unchanged

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 33 cents under the March futures contract while the DTN National Corn Index was down 2 cents at $3.14. The national average basis for soybeans was unchanged at 71 cents under the March futures contract and the DTN National Soybean Index was up 11 cents at $8.90. The national average basis for HRW wheat was unchanged at 46 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 13 cents at $3.80. The national average basis for HRS wheat was 1 cent weaker at 21 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 16 cents at $5.92.

DAILY BASIS CHART:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.14 -$0.02 -$0.33 Mar $0.007
Soybeans: $8.90 $0.11 -$0.71 Mar $0.002
SRW Wheat: $3.89 -$0.12 -$0.32 Mar $0.006
HRW Wheat: $3.80 -$0.13 -$0.46 Mar $0.005
HRS Wheat: $5.92 -$0.16 -$0.21 Mar -$0.002

CORN:

The DTN National Corn Index for Friday indicated a national average basis of 33 cents under the Chicago March futures contract, unchanged from Thursday's basis.

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SOYBEANS:

The DTN National Soybean Index for Friday indicated a national average basis of 71 cents under the Chicago March futures contract, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The DTN National Soft Red Winter Wheat Index for Friday indicated a national average basis of 32 cents under the Chicago March futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The DTN National Hard Red Winter Wheat Index for Friday indicated a national average basis of 46 cents under the Kansas City March futures contract, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 21 cents under the Minneapolis March futures contract, 1 cent weaker than Thursday'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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