DTN Daily Basis Comments
Corn Basis Weaker
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.
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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
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