DTN Daily Basis Comments

Hard Red Winter Wheat, Hard Red Spring Wheat Basis Levels Weaken

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 $5.31. The national average basis for soybeans was also unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was down 6 cents at $13.23. The national average basis for HRW wheat was 2 cents weaker at 28 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $5.97. The national average basis for HRS wheat was 4 cents weaker at 31 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $5.95.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.31 -$0.02 -$0.18 Mar -$0.001
Soybeans: $13.23 -$0.06 -$0.43 Mar $0.000
SRW Wheat: $6.23 $0.04 -$0.18 Mar $0.000
HRW Wheat: $5.97 $0.05 -$0.28 Mar -$0.018
HRS Wheat: $5.95 $0.00 -$0.31 Mar -$0.047

CORN:

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

SOYBEANS:

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

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 28 cents under the Kansas City March futures, 2 cents weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 31 cents under the Minneapolis March futures, 4 cents weaker than Thursday'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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