DTN Daily Basis Comments
Corn, Soybean Basis Steady
The national average basis for corn was unchanged at 32 cents under the March futures contract while the DTN National Corn Index was up 1 cent at $3.21. The national average basis for soybeans was unchanged at 68 cents under the March futures contract and the DTN National Soybean Index was up 4 cents at $9.09. The national average basis for HRW wheat was 1 cent stronger at 43 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $3.84. 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 $5.90.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.21 | $0.01 | -$0.32 | Mar | -$0.001 |
Soybeans: | $9.09 | $0.04 | -$0.68 | Mar | -$0.003 |
SRW Wheat: | $3.92 | -$0.03 | -$0.31 | Mar | -$0.001 |
HRW Wheat: | $3.84 | -$0.02 | -$0.43 | Mar | $0.004 |
HRS Wheat: | $5.90 | -$0.02 | -$0.19 | Mar | -$0.002 |
The DTN National Corn Index for Friday indicated a national average basis of 32 cents under the Chicago March futures contract, unchanged from Thursday's basis.
SOYBEANS:The DTN National Soybean Index for Friday indicated a national average basis of 68 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 31 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 43 cents under the Kansas City March futures contract, 1 cent stronger than Thursday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Friday indicated a national average basis of 19 cents under the Minneapolis March futures contract, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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