DTN Daily Basis Comments

Soybean, Corn Basis Steady

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 15 cents under the March futures contract while the DTN National Corn Index was down 4 cents at $4.77. The national average basis for soybeans was unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was down 2 cents at $13.30. 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 unchanged at $5.69. The national average basis for HRS wheat was 1 cent stronger at 25 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was down 1 cent at $5.81.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.77 -$0.04 -$0.15 Mar -$0.001
Soybeans: $13.30 -$0.02 -$0.43 Mar $0.005
SRW Wheat: $6.17 -$0.05 -$0.18 Mar -$0.009
HRW Wheat: $5.69 $0.00 -$0.26 Mar $0.005
HRS Wheat: $5.81 -$0.01 -$0.25 Mar $0.004

CORN:

The national average corn basis for Monday is at 15 cents under the March futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 43 cents under the March futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 18 cents under the March futures, 1 cent weaker than Friday'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 Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 25 cents under the Minneapolis March futures, 1 cent stronger than Friday'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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