DTN Daily Basis Comments

Soybean Basis Stronger

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 down 2 cents at $5.34. The national average basis for soybeans was 1 cent stronger at 43 cents under the March futures contract while the DTN National Soybean Index was up 1 cent at $13.29. 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 6 cents at $5.93. 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 down 3 cents at $5.95.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.32 -$0.02 -$0.18 Mar $0.000
Soybeans: $13.29 $0.01 -$0.43 Mar $0.002
SRW Wheat: $6.19 -$0.10 -$0.18 Mar $0.004
HRW Wheat: $5.93 -$0.06 -$0.26 Mar $0.003
HRS Wheat: $5.95 -$0.03 -$0.27 Mar $0.001

CORN:

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

SOYBEANS:

The national average soybean basis for Thursday is at 43 cents under the March futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 18 cents under the March futures, 1 cent stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

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

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 27 cents under the Minneapolis March futures, 1 cent weaker than Wednesday'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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