DTN Daily Basis Comments
Corn, All Wheat Basis Moved to March Futures
The national average basis for corn was 1 cent stronger at 23 cents under the March futures contract while the DTN National Corn Index was down 4 cents at $3.50. The national average basis for soybeans was 1 cent stronger at 61 cents under the January futures contract while the DTN National Soybean Index was down 2 cents at $8.21. The national average basis for HRW wheat was unchanged at 33 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.05. The national average basis for HRS wheat was 4 cents stronger at 16 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $4.92.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.50 | -$0.04 | -$0.23 | Mar | $0.006 |
Soybeans: | $8.21 | -$0.02 | -$0.61 | Jan | $0.007 |
SRW Wheat: | $5.22 | -$0.02 | -$0.05 | Mar | $0.025 |
HRW Wheat: | $4.05 | -$0.04 | -$0.33 | Mar | $0.000 |
HRS Wheat: | $4.92 | $0.00 | -$0.16 | Mar | $0.040 |
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The DTN national average corn basis for Wednesday is at 23 cents under the March futures, 1 cent stronger than Tuesday's basis.
SOYBEANS:The DTN national average soybean basis for Wednesday is at 61 cents under the January futures, 1 cent stronger than Tuesday's basis.
SOFT RED WINTER WHEAT:The DTN national average SRW wheat basis for Wednesday is at 5 cents under the Chicago March futures, 2 cents weaker than Tuesday's basis.
HARD RED WINTER WHEAT:The DTN national average HRW wheat basis for Wednesday is at 33 cents under the Kansas City March futures, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:The DTN national average HRS wheat basis for Wednesday is at 16 cents under the Minneapolis March futures, 4 cents stronger than Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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