DTN Daily Basis Comments
Soybean, Corn Basis Unchanged
The national average basis for corn was unchanged at 36 cents under the March futures contract while the DTN National Corn Index was unchanged at $3.48. The national average basis for soybeans was unchanged at 88 cents under the January futures contract while the DTN National Soybean Index was up 6 cents at $8.27. The national average basis for HRW wheat was unchanged at 32 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 5 cents at $4.73. The national average basis for HRS wheat was unchanged at 34 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $5.41.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.48 | $0.00 | -$0.36 | Mar | -$0.005 |
| Soybeans: | $8.27 | $0.06 | -$0.88 | Jan | $0.005 |
| SRW Wheat: | $4.89 | -$0.04 | -$0.32 | Mar | $0.007 |
| HRW Wheat: | $4.73 | -$0.05 | -$0.32 | Mar | $0.002 |
| HRS Wheat: | $5.41 | $0.00 | -$0.34 | Mar | -$0.001 |
The DTN National Corn Index for Tuesday indicated a national average basis of 36 cents under the Chicago March futures contract, unchanged from Monday's basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 88 cents under the Chicago January futures contract, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Tuesday indicated a national average basis of 32 cents under the Chicago March futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Tuesday indicated a national average basis of 32 cents under the Kansas City March futures contract, unchanged from Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Tuesday indicated a national average basis of 34 cents under the Minneapolis March futures contract, unchanged from Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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