DTN Daily Basis Comments
Corn, Soybean Basis Steady
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn is unchanged at 10 cents over the March futures contract, while the DTN National Corn Index is up 2 cents at $6.87. The national average basis for soybeans is unchanged at 34 cents under the March futures contract while the DTN National Soybean Index is down 2 cents at $14.98. The national average basis for hard red winter (HRW) wheat is 1 cent weaker at 30 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index is down 9 cents at $8.43. The national average basis for hard red spring (HRS) wheat is 3 cents weaker at 26 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is down 7 cents at $8.95.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $6.87 | $0.02 | $0.10 | Mar | -$0.002 |
Soybeans: | $14.98 | -$0.02 | -$0.34 | Mar | -$0.002 |
SRW Wheat: | $7.12 | -$0.05 | -$0.45 | Mar | -$0.004 |
HRW Wheat: | $8.43 | -$0.09 | -$0.30 | Mar | -$0.015 |
HRS Wheat: | $8.95 | -$0.07 | -$0.26 | Mar | -$0.034 |
CORN:
The national average corn basis for Friday is 10 cents over the March futures, unchanged from Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is 34 cents under the March futures, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is 45 cents under the March futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Friday is 30 cents under the Kansas City March futures, 1 cent weaker than Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is 26 cents under the Minneapolis March futures, 3 cents weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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