DTN Daily Basis Comments
Soybean Basis Stronger
The national average basis for corn was unchanged at 12 cents under the March futures contract while the DTN National Corn Index was down 4 cents at $3.67. The national average basis for soybeans was 1 cent stronger at 50 cents under the March futures contract while the DTN National Soybean Index was up 4 cents at $8.46. The national average basis for HRW* wheat was 2 cents stronger at 23 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.43. The national average basis for HRS* wheat was 6 cents stronger at 13 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was up 1 cent at $5.13. *Spring and hard red winter wheat basis levels are corrected from Wednesday.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.67 | -$0.04 | -$0.12 | Mar | -$0.002 |
Soybeans: | $8.46 | $0.04 | -$0.50 | Mar | $0.007 |
SRW Wheat: | $5.38 | -$0.03 | -$0.07 | Mar | -$0.001 |
HRW Wheat: | $4.43 | -$0.03 | -$0.23 | Mar | $0.024 |
HRS Wheat: | $5.13 | $0.01 | -$0.13 | Mar | $0.053 |
The national average corn basis for Thursday is at 12 cents under the March futures, unchanged from Wednesday's basis.
SOYBEANS:The national average soybean basis for Thursday is at 50 cents under the March futures, 1 cent stronger than Wednesday's basis.
SOFT RED WINTER WHEAT:The national average SRW wheat basis for Thursday is at 7 cents under the Chicago March futures, unchanged from Wednesday's basis.
HARD RED WINTER WHEAT:The national average HRW* wheat basis for Thursday is at 26 cents under the Kansas City March futures, 2 cents stronger than Wednesday's basis.
HARD RED SPRING WHEAT:The national average HRS* wheat basis for Thursday is at 16 cents under the Minneapolis March futures, 6 cents 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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