DTN Daily Basis Comments

Corn Basis Weakens

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 weaker at 15 cents under the March futures contract while the DTN National Corn Index was up 5 cents at $4.42. The national average basis for soybeans was unchanged at 44 cents under the January futures contract while the DTN National Soybean Index was down 7 cents at $12.12. 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 down 12 cents at $5.51. 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 down 6 cents at $5.51.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.42 $0.05 -$0.15 Mar -$0.004
Soybeans: $12.12 -$0.07 -$0.44 Jan $0.008
SRW Wheat: $5.96 -$0.11 -$0.19 Mar $0.022
HRW Wheat: $5.51 -$0.12 -$0.26 Mar $0.002
HRS Wheat: $5.51 -$0.06 -$0.26 Mar $0.003

CORN:

The national average corn basis for Monday is at 15 cents under the March futures, 1 cent weaker than Thursday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 44 cents under the January futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 19 cents under the March futures, 2 cents stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 26 cents under the Kansas City March futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 26 cents under the Minneapolis March futures, unchanged from Thursday'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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