DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is unchanged at 9 cents over the March futures contract, while the DTN National Corn Index is up 10 cents at $6.94. The national average basis for soybeans is 1 cent weaker at 30 cents under the March futures contract while the DTN National Soybean Index is up 11 cents at $15.10. The national average basis for hard red winter (HRW) wheat is 2 cents stronger at 31 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index is up 14 cents at $8.25. The national average basis for hard red spring (HRS) wheat is 3 cents stronger at 19 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is up 6 cents at $8.97.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.94	$0.10	$0.09	Mar	-$0.005
Soybeans:	$15.10	$0.11	-$0.30	Mar	-$0.006
SRW Wheat:	$7.11	$0.08	-$0.40	Mar	$0.000
HRW Wheat:	$8.25	$0.14	-$0.31	Mar	$0.017
HRS Wheat:	$8.97	$0.06	-$0.19	Mar	$0.027

CORN:

The national average corn basis for Tuesday is 9 cents over the March futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is 30 cents under the March futures, 1 cent weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is 40 cents under the March futures, unchanged from Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is 31 cents under the Kansas City March futures, 2 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is 19 cents under the Minneapolis March futures, 3 cents stronger than Friday's basis.

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

Follow her on Twitter @MaryCKenn

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