DTN Daily Basis Comments

Soybean Basis Unchanged Moved to March

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 38 cents under the March futures contract, while the DTN National Corn Index was down 2 cents at $4.02. The national average basis for soybeans was steady at 79 cents under the March futures, while the DTN National Soybean Index was down 1 cent at $9.83. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 71 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.51. The national average basis for hard red spring (HRS) wheat was steady at 18 cents under the MIAX Minneapolis March futures contract, while the DTN National Hard Red Spring Wheat Index was unchanged at $5.60.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $4.02 -$0.02 -$0.38 Mar $0.001
Soybeans: $9.83 -$0.01 -$0.79 Mar $0.001
SRW Wheat: $4.54 -$0.01 -$0.56 Mar $0.010
HRW Wheat: $4.51 -$0.04 -$0.71 Mar $0.008
HRS Wheat: $5.60 $0.00 -$0.18 Mar $0.003

CORN:

The national average corn basis for Tuesday was 38 cents under the March futures, unchanged from Monday's basis.

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SOYBEAN:

The national average soybean basis for Tuesday was 79 cents under the March futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 56 cents under the March futures, 1 cent stronger than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 71 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 18 cents under the MIAX 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
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