DTN Daily Basis Comments

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 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

CORN:

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

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SOYBEANS:

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

Follow Mary Kennedy on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
Connect with Mary: