DTN Daily Basis Comments

Corn 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 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.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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