DTN Daily Basis Comments
Corn, Soybean Basis Steady Ahead of Long Weekend
The national average basis for corn was unchanged at 12 cents under the March futures contract while the DTN National Corn Index was down 2 cents at $3.65. The national average basis for soybeans was unchanged at 50 cents under the March futures contract while the DTN National Soybean Index was down 2 cents at $8.44. The national average basis for HRW wheat was 3 cents weaker at 26 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.40. The national average basis for HRS wheat was 6 cents weaker at 16 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $5.07.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.65 | -$0.02 | -$0.12 | Mar | -$0.001 |
Soybeans: | $8.44 | -$0.02 | -$0.50 | Mar | $0.002 |
SRW Wheat: | $5.36 | -$0.02 | -$0.07 | Mar | -$0.004 |
HRW Wheat: | $4.40 | -$0.03 | -$0.26 | Mar | -$0.025 |
HRS Wheat: | $5.07 | -$0.07 | -$0.19 | Mar | -$0.054 |
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
The national average corn basis for Friday is at 12 cents under the March futures, unchanged from Thursday's basis.
SOYBEANS:The national average soybean basis for Friday is at 50 cents under the March futures, 1 cent stronger than Thursday's basis.
SOFT RED WINTER WHEAT:The national average SRW wheat basis for Friday is at 7 cents under the Chicago March futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Friday is at 26 cents under the Kansas City March futures, 3 cents weaker than Thursday's basis.
HARD RED SPRING WHEAT:The national average HRS wheat basis for Friday is at 19 cents under the Minneapolis March futures, 6 cents weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
(BAS)
Copyright 2020 DTN/The Progressive Farmer. All rights reserved.