DTN Daily Basis Comments

Corn Basis Weaker

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

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is 1 cent weaker at 8 cents over the March futures contract, while the DTN National Corn Index is down 4 cents at $6.85. The national average basis for soybeans is unchanged at 30 cents under the March futures contract while the DTN National Soybean Index is down 10 cents at $14.85. The national average basis for hard red winter (HRW) wheat is 1 cent stronger at 30 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index is down 9 cents at $8.02. 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 up 3 cents at $8.85.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $6.85 -$0.04 $0.08 Mar -$0.004
Soybeans: $14.85 -$0.10 -$0.30 Mar -$0.001
SRW Wheat: $6.94 -$0.08 -$0.41 Mar $0.000
HRW Wheat: $8.02 -$0.09 -$0.30 Mar $0.006
HRS Wheat: $8.85 $0.03 -$0.19 Mar $0.002

CORN:

The national average corn basis for Thursday is 8 cents over the March futures, 1 cent weaker than Wednesday's basis.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

SOYBEANS:

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

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is 41 cents under the March futures, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is 30 cents under the Kansas City March futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is 19 cents under the Minneapolis March futures, unchanged from Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]

Mary Kennedy

Mary Kennedy
Connect with Mary: