DTN Daily Basis Comments

Soybean Basis Stronger

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
Connect with Mary:

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 16 cents under the March futures contract while the DTN National Corn Index was up 3 cents at $4.12. The national average basis for soybeans was 1 cent stronger at 45 cents under the January futures contract while the DTN National Soybean Index was unchanged at $11.38. 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 5 cents at $5.35. 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 1 cent at $5.32.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.12 $0.03 -$0.16 Mar $0.006
Soybeans: $11.38 $0.00 -$0.45 Jan $0.005
SRW Wheat: $5.78 -$0.01 -$0.21 Mar $0.004
HRW Wheat: $5.35 -$0.05 -$0.27 Mar -$0.003
HRS Wheat: $5.32 -$0.01 -$0.27 Mar -$0.003

CORN:

The national average corn basis for Wednesday is at 16 cents under the March futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 45 cents under the January futures, 1 cent stronger than Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 21 cents under the March futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 27 cents under the Kansas City March futures, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 27 cents under the Minneapolis March futures, 1 cent weaker than Tuesday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
Connect with Mary: