DTN Daily Basis Comments

Corn, Soybean Basis Steady Monday

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
Connect with Mary:

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 15 cents at $5.46. The national average basis for soybeans was also unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was up 21 cents at $13.44. The national average basis for HRW wheat was unchanged at 28 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 14 cents at $6.11. The national average basis for HRS wheat was 1 cent weaker at 32 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was up 9 cents at $6.03.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.46 $0.15 -$0.18 Mar -$0.003
Soybeans: $13.44 $0.21 -$0.43 Mar -$0.001
SRW Wheat: $6.38 $0.15 -$0.17 Mar $0.009
HRW Wheat: $6.11 $0.14 -$0.28 Mar -$0.004
HRS Wheat: $6.03 $0.09 -$0.32 Mar -$0.005

CORN:

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

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 17 cents under the March futures, 1 cent stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 28 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 32 cents under the Minneapolis March futures, 1 cent weaker than Friday's basis.

Mary Kennedy can be reached at mary.kennedy@dtn.com

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
Connect with Mary: