DTN Daily Basis Comments

Soybean Basis Weaker

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 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.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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