DTN Daily Basis Comments

Corn, Soybean Basis Steady

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 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

CORN:

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

(BAS)

Mary Kennedy

Mary Kennedy
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