NEWS
DTN Daily Basis Comments
Mary Kennedy DTN Basis Analyst
Thu Feb 28, 2013 10:28 AM CST
COMMENTS:

The corn cash price was up Wednesday thanks to a higher basis as the May futures closed unchanged. The soybean cash price closed higher on a stronger basis and higher futures due to increased export demand as Brazil is experiencing shipping delays of new-crop beans due to port congestion. The HRW wheat cash price is higher, but closed almost 10 cents off its day high .

DAILY BASIS:

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $7.07 $0.01 $0.12 May $0.010
Soybeans: $14.32 $0.08 -$0.07 May $0.005
SRW ...
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