DTN Daily Basis Comments

Soybean, Corn Basis Unchanged

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 16 cents under the March futures contract while the DTN National Corn Index was up 5 cents at $4.17. The national average basis for soybeans was unchanged at 45 cents under the January futures contract while the DTN National Soybean Index was up 18 cents at $11.56. 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 up 9 cents at $5.43. 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 up 8 cents at $5.40.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.17 $0.05 -$0.16 Mar $0.000
Soybeans: $11.56 $0.18 -$0.45 Jan $0.005
SRW Wheat: $5.88 $0.10 -$0.21 Mar $0.000
HRW Wheat: $5.43 $0.09 -$0.27 Mar $0.003
HRS Wheat: $5.40 $0.08 -$0.27 Mar -$0.001

CORN:

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

SOYBEANS:

The national average soybean basis for Thursday is at 45 cents under the January futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 27 cents under the Minneapolis March futures, unchanged from Wednesday'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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