DTN Daily Basis Comments

Soybean Basis Stronger

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 27 cents under the March futures contract while the DTN National Corn Index was unchanged at $4.31. The national average basis for soybeans was 1 cent stronger at 57 cents under the March futures contract, while the DTN National Soybean Index was unchanged at $9.40. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 59 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 3 cents at $4.96. The national average basis for hard red spring (HRS) wheat was steady at 17 cents under the March futures contract, and the DTN National Hard Red Spring Wheat Index was up 3 cents at $5.78.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.31 $0.00 -$0.27 Mar $0.002
Soybeans: $9.40 $0.00 -$0.57 Mar $0.006
SRW Wheat: $4.87 $0.03 -$0.56 Mar $0.005
HRW Wheat: $4.96 $0.03 -$0.59 Mar $0.003
HRS Wheat: $5.78 $0.03 -$0.17 Mar $0.001

CORN:

The national average corn basis for Tuesday was 27 cents under the March futures unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday was 57 cents under the March futures, 1 cent stronger than Monday's basis.

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SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 56 cents under the March futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 59 cents under the Kansas City March futures, 1 cent stronger than Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 17 cents under the Minneapolis March futures, unchanged from Monday's basis.

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

Follow her on social platform X @MaryCKenn

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Mary Kennedy

Mary Kennedy
Connect with Mary: