DTN Daily Basis Comments

Corn, Soybean 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 18 cents under the March futures contract while the DTN National Corn Index was up 2 cents at $5.16. The national average basis for soybeans was unchanged at 45 cents under the March futures contract while the DTN National Soybean Index was up 4 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 down 4 cents at $6.11. The national average basis for HRS wheat was unchanged at 29 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 5 cents at $6.04.

CORN:

The national average corn basis for Wednesday is at 18 cents under the March futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 45 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 stronger Tuesday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 29 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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