DTN Daily Basis Comments
Soybean Basis Weaker
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 up 4 cents at $4.07. The national average basis for soybeans was 1 sent weaker at 47 cents under the January futures contract while the DTN National Soybean Index was up 13 cents at $11.12. The national average basis for HRW wheat was 1 cent weaker at 28 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 13 cents at $5.23. The national average basis for HRS wheat was 2 cents weaker at 29 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was up 11 cents at $5.27.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.07 | $0.04 | -$0.17 | Mar | $0.000 |
Soybeans: | $11.12 | $0.13 | -$0.47 | Jan | -$0.001 |
SRW Wheat: | $5.59 | $0.13 | -$0.24 | Mar | -$0.003 |
HRW Wheat: | $5.23 | $0.13 | -$0.28 | Mar | -$0.008 |
HRS Wheat: | $5.27 | $0.11 | -$0.29 | Mar | -$0.012 |
CORN:
The national average corn basis for Wednesday is at 17 cents under the March futures, unchanged from Tuesday's basis.
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SOYBEANS:
The national average soybean basis for Wednesday is at 47 cents under the January futures, 1 cent weaker than Tuesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Wednesday is at 24 cents under the March futures, unchanged from than Tuesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Wednesday is at 28 cents under the Kansas City March futures, 1 cent weaker than Tuesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Wednesday is at 29 cents under the Minneapolis March futures, 2 cents weaker than Tuesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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