DTN Daily Basis Comments
Soybean 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 down 5 cents at $3.66. The national average basis for soybeans was unchanged at 54 cents under the March futures contract while the DTN National Soybean Index was down 17 cent at $8.22. The national average basis for HRW wheat was 1 cent stronger at 24 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $4.47. The national average basis for HRS wheat was 1 cent stronger at 15 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.22.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.66 | -$0.05 | -$0.14 | Mar | -$0.001 |
Soybeans: | $8.22 | -$0.17 | -$0.54 | Mar | $0.002 |
SRW Wheat: | $5.55 | -$0.02 | -$0.06 | Mar | -$0.002 |
HRW Wheat: | $4.47 | $0.00 | -$0.24 | Mar | $0.007 |
HRS Wheat: | $5.22 | $0.02 | -$0.15 | Mar | $0.008 |
The national average corn basis for Thursday is at 14 cents under the March futures, unchanged from Wednesday's basis.
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The national average soybean basis for Thursday is at 54 cents under the March futures, unchanged from Wednesday's basis.
SOFT RED WINTER WHEAT:The national average SRW wheat basis for Thursday is at 6 cents under the Chicago March futures, 1 cent weaker than Wednesday's basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Thursday is at 24 cents under the Kansas City March futures, 1 cent stronger than Wednesday's basis.
HARD RED SPRING WHEAT:The national average HRS wheat basis for Thursday is at 15 cents under the Minneapolis March futures, 1 cent stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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(BAS)
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