DTN Daily Basis Comments
Corn, Soybean Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn is 1 cent weaker at 9 cents over the March futures contract, while the DTN National Corn Index is up 15 cents at $6.80. The national average basis for soybeans is 1 cent weaker at 28 cents under the March futures contract while the DTN National Soybean Index is up 24 cents at $14.90. The national average basis for hard red winter (HRW) wheat is 2 cents stronger at 30 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is up 14 cents at $8.05. The national average basis for hard red spring (HRS) wheat is 3 cents stronger at 20 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index is up 16 cents at $8.93.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.80 | $0.15 | $0.09 | Mar | -$0.003 |
Soybeans: | $14.90 | $0.24 | -$0.28 | Mar | -$0.015 |
SRW Wheat: | $7.02 | $0.06 | -$0.40 | Mar | $0.033 |
HRW Wheat: | $8.05 | $0.14 | -$0.30 | Mar | $0.017 |
HRS Wheat: | $8.93 | $0.16 | -$0.20 | Mar | $0.029 |
CORN:
The national average corn basis for Thursday is 9 cents over the March futures, 1 cent weaker than Wednesday's basis.
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SOYBEANS:
The national average soybean basis for Thursday is 28 cents under the March futures, 1 cent weaker than Wednesday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is 40 cents under the March futures, 4 cents stronger than Wednesday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is 30 cents under the Kansas City March futures, 2 cents stronger than Wednesday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is 20 cents under the Minneapolis March futures, 3 cents stronger than Wednesday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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