DTN Daily Basis Comments
Soybean, Corn Basis Steady
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.
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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
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