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 is unchanged at 9 cents over the March futures contract, while the DTN National Corn Index is down 4 cents at $6.90. The national average basis for soybeans is unchanged at 30 cents under the March futures contract while the DTN National Soybean Index is down 16 cents at $14.95. The national average basis for hard red winter (HRW) wheat is unchanged at 31 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index is down 14 cents at $8.11. The national average basis for hard red spring (HRS) wheat is unchanged at 19 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is down 15 cents at $8.82.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.90 -$0.04 $0.09 Mar -$0.002
Soybeans: $14.95 -$0.16 -$0.30 Mar -$0.003
SRW Wheat: $7.02 -$0.10 -$0.41 Mar -$0.006
HRW Wheat: $8.11 -$0.14 -$0.31 Mar $0.000
HRS Wheat: $8.82 -$0.15 -$0.19 Mar $0.003

CORN:

The national average corn basis for Wednesday is 9 cents over the March futures, unchanged from Tuesday's basis.

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SOYBEANS:

The national average soybean basis for Wednesday is 30 cents under the March futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is 41 cents under the March futures, 1 cent weaker than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is 31 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 19 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

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Mary Kennedy

Mary Kennedy
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