DTN Daily Basis Comments

Corn Basis Stronger

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 1 cent stronger at 14 cents under the March futures contract while the DTN National Corn Index was up 4 cents at $4.37. The national average basis for soybeans was unchanged at 44 cents under the January futures contract while the DTN National Soybean Index was up 5 cents at $12.19. The national average basis for HRW wheat was unchanged at 26 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 1 cent at $5.63. The national average basis for HRS wheat was unchanged at 26 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.56.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.37 $0.04 -$0.14 Mar $0.002
Soybeans: $12.19 $0.05 -$0.44 Jan -$0.001
SRW Wheat: $6.06 -$0.03 -$0.21 Mar -$0.005
HRW Wheat: $5.63 $0.01 -$0.26 Mar $0.000
HRS Wheat: $5.56 $0.02 -$0.26 Mar -$0.004

CORN:

The national average corn basis for Thursday is at 14 cents under the March futures, 1 cent stronger than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 44 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, 1 cent weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 26 cents under the Kansas City March futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 26 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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