DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is unchanged at 8 cents over the March futures contract, while the DTN National Corn Index is up 8 cents at $6.90. The national average basis for soybeans is unchanged at 31 cents under the March futures contract while the DTN National Soybean Index is up 21 cents at $14.92. The national average basis for hard red winter (HRW) wheat is 1 cent weaker at 31 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index is up 21 cents at $8.34. The national average basis for hard red spring (HRS) wheat is unchanged at 19 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is up 8 cents at $8.99.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.90	$0.08	$0.08	Mar	$0.001
Soybeans:	$14.92	$0.21	-$0.31	Mar	-$0.004
SRW Wheat:	$7.13	$0.15	-$0.40	Mar	$0.037
HRW Wheat:	$8.34	$0.21	-$0.31	Mar	-$0.007
HRS Wheat:	$8.99	$0.08	-$0.19	Mar	$0.000

CORN:

The national average corn basis for Thursday is 8 cents over the March futures, unchanged from Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is 31 cents under the March futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is 40 cents under the March futures, 4 cents stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is 31 cents under the Kansas City March futures, 1 cent weaker than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is 19 cents under the Minneapolis March futures, unchanged from Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

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