DTN Daily Basis Comments
Corn Basis Steady; Soy, HRW Wheat Basis Weakens
The national average basis for corn was unchanged at 32 cents under the March futures contract while the DTN National Corn Index was down 1 cent at $3.20. The national average basis for soybeans was 2 cents weaker at 70 cents under the March futures contract while the DTN National Soybean Index was up 5 cents at $9.14. The national average basis for HRW wheat was 1 cent weaker at 44 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $3.85. 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 $5.88.
DAILY BASIS CHART:
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.20 | -$0.01 | -$0.32 | Mar | -$0.002 |
Soybeans: | $9.14 | $0.05 | -$0.70 | Mar | -$0.015 |
SRW Wheat: | $3.95 | $0.03 | -$0.31 | Mar | $0.001 |
HRW Wheat: | $3.85 | $0.00 | -$0.44 | Mar | -$0.007 |
HRS Wheat: | $5.88 | -$0.02 | -$0.19 | Mar | $0.000 |
The DTN National Corn Index for Monday indicated a national average basis of 32 cents under the Chicago March futures contract, unchanged from Friday's basis.
SOYBEANS:The DTN National Soybean Index for Monday indicated a national average basis of 70 cents under the Chicago March futures contract, 2 cents weaker than Friday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Monday indicated a national average basis of 31 cents under the Chicago March futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Monday indicated a national average basis of 44 cents under the Kansas City March futures contract, 1 cent weaker than Friday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Monday indicated a national average basis of 19 cents under the Minneapolis March futures contract, unchanged from Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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