DTN Daily Basis Comments

Corn Basis Weaker Again

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 18 cents under the March futures contract while the DTN National Corn Index was up 6 cents at $5.06. The national average basis for soybeans was unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was down 12 cents at $13.63. The national average basis for HRW wheat was 1 cent weaker at 27 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 3 cents at $5.99. The national average basis for HRS wheat was unchanged at 27 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 8 cents at $6.02.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.06 $0.06 -$0.18 Mar -$0.010
Soybeans: $13.63 -$0.12 -$0.43 Mar $0.002
SRW Wheat: $6.42 -$0.05 -$0.19 Mar -$0.005
HRW Wheat: $5.99 $0.03 -$0.27 Mar -$0.001
HRS Wheat: $6.02 $0.08 -$0.27 Mar -$0.002

CORN:

The national average corn basis for Wednesday is at 18 cents under the March futures, 1 cent weaker than Tuesday's basis.

SOYBEANS:

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

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 19 cents under the March futures, 1 cent weaker than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 27 cents under the Kansas City March futures, 1 cent weaker from Tuesday's basis.

HARD RED SPRING WHEAT:

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