DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 23 cents under the March futures contract, while the DTN National Corn Index was up 6 cents at $4.30. The national average basis for soybeans was 1 cent stronger at 53 cents under the March futures contract, while the DTN National Soybean Index was up 1 cent at $11.87. The national average basis for hard red winter (HRW) wheat was steady at 55 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 8 cents at $5.71. The national average basis for hard red spring (HRS) wheat was unchanged at 26 cents under the March futures contract, while the DTN National Hard Red Spring Wheat Index was up 6 cents at $6.79.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.30	$0.06	-$0.23	Mar	$0.004
Soybeans:	$11.87	$0.01	-$0.53	Mar	$0.007
SRW Wheat:	$5.52	$0.15	-$0.59	Mar	$0.011
HRW Wheat:	$5.71	$0.08	-$0.55	Mar	$0.001
HRS Wheat:	$6.79	$0.06	-$0.26	Mar	$0.002

CORN:

The national average corn basis for Wednesday was 23 cents under the March futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday was 53 cents under the March, 1 cent stronger than Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday was 59 cents under the March futures, 1 cent stronger than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday was 55 cents under the Kansas City March futures, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday was 26 cents under the Minneapolis March futures, unchanged from Tuesday's basis.

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

Follow her on X, formerly known as Twitter, @MaryCKenn.

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