DTN Daily Basis Comments
Corn Basis Steady
The national average basis for corn was unchanged at 14 cents under the March futures contract while the DTN National Corn Index was unchanged at $3.75. The national average basis for soybeans was 1 cent weaker at 57 cents under the March futures contract while the DTN National Soybean Index was down 3 cents at $8.57. The national average basis for HRW wheat was unchanged at 26 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 8 cents at $4.67. The national average basis for HRS wheat was unchanged at 16 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was down 7 cents at $5.39.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.75 | $0.01 | -$0.14 | Mar | $0.000 |
Soybeans: | $8.57 | -$0.03 | -$0.57 | Mar | -$0.007 |
SRW Wheat: | $5.72 | -$0.04 | -$0.06 | Mar | -$0.002 |
HRW Wheat: | $4.67 | -$0.08 | -$0.26 | Mar | $0.000 |
HRS Wheat: | $5.39 | -$0.07 | -$0.16 | Mar | -$0.007 |
The national average corn basis for Wednesday is at 14 cents under the March futures, unchanged from Tuesday's basis.
SOYBEANS:The national average soybean basis for Wednesday is at 57 cents under the March futures, 1 cent weaker than Tuesday's basis.
The national average SRW wheat basis for Wednesday is at 6 cents under the Chicago March futures, unchanged from Tuesday's basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Wednesday is at 26 cents under the Kansas City March futures, unchanged from Tuesday's basis.
HARD RED SPRING WHEAT:The national average HRS wheat basis for Wednesday is at 16 cents under the Minneapolis March futures, unchanged from Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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