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 14 cents under the March futures contract while the DTN National Corn Index was down 1 cent at $3.69. The national average basis for soybeans was unchanged at 58 cents under the March futures contract while the DTN National Soybean Index was down 3 cents at $8.86. The national average basis for HRW wheat was unchanged at 25 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 10 cents at $4.65. The national average basis for HRS wheat was 1 cent weaker at 14 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 4 cents at $5.38.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.69 -$0.01 -$0.14 Mar $0.002
Soybeans: $8.86 -$0.03 -$0.58 Mar $0.004
SRW Wheat: $5.57 $0.09 -$0.05 Mar -$0.006
HRW Wheat: $4.65 $0.10 -$0.25 Mar -$0.004
HRS Wheat: $5.38 $0.04 -$0.14 Mar -$0.003

CORN:

The DTN national average corn basis for Thursday is at 14 cents under the March futures, unchanged from Wednesday's basis.

SOYBEANS:

The DTN national average soybean basis for Thursday is at 58 cents under the March futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The DTN national average SRW wheat basis for Thursday is at 5 cents under the Chicago March futures, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The DTN national average HRW wheat basis for Thursday is at 25 cents under the Kansas City March futures, unchanged from Wednesday's basis.

HARD RED SPRING WHEAT:

The DTN national average HRS wheat basis for Thursday is at 14 cents under the Minneapolis March futures, 1 cent weaker than Wednesday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
Connect with Mary: