DTN Daily Basis Comments
Corn Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was unchanged at 17 cents under the March futures contract while the DTN National Corn Index was down 4 cents at $4.03. The national average basis for soybeans was unchanged at 46 cents under the January futures contract while the DTN National Soybean Index was down 13 cents at $10.99. The national average basis for HRW wheat was unchanged at 27 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 8 cents at $5.10. The national average basis for HRS wheat was unchanged at 27 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 5 cents at $5.16.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.03 | -$0.04 | -$0.17 | Mar | $0.000 |
Soybeans: | $10.99 | -$0.13 | -$0.46 | Jan | $0.000 |
SRW Wheat: | $5.46 | -$0.07 | -$0.24 | Mar | $0.006 |
HRW Wheat: | $5.10 | -$0.08 | -$0.27 | Mar | $0.004 |
HRS Wheat: | $5.16 | -$0.05 | -$0.27 | Mar | $0.000 |
CORN:
The national average corn basis for Tuesday is at 17 cents under the March futures, unchanged from Monday's basis.
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SOYBEANS:
The national average soybean basis for Tuesday is at 46 cents under the January futures, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Tuesday is at 24 cents under the March futures, unchanged from than Monday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Tuesday is at 27 cents under the Kansas City March futures, unchanged from Monday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Tuesday is at 27 cents under the Minneapolis March futures, unchanged from Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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