DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 21 cents under the March futures contract, and the DTN National Corn Index was up unchanged at $4.10. The national average basis for soybeans was unchanged at 54 cents under the March futures contract, while the DTN National Soybean Index was down 7 cents at $11.32. The national average basis for hard red winter (HRW) wheat was steady at 54 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $5.41. The national average basis for hard red spring (HRS) wheat was unchanged at 21 cents under the March futures contract, while the DTN National Hard Red Spring Wheat Index was down 11 cents at $6.51.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.10	$0.00	-$0.21	Mar	$0.000
Soybeans:	$11.32	-$0.07	-$0.54	Mar	-$0.004
SRW Wheat:	$5.42	$0.00	-$0.55	Mar	$0.004
HRW Wheat:	$5.41	-$0.04	-$0.54	Mar	$0.001
HRS Wheat:	$6.51	-$0.11	-$0.21	Mar	$0.001

CORN:

The national average corn basis for Tuesday was 21 cents under the March futures, unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday was 54 cents under the March, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 55 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 54 cents under the Kansas City March futures, unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday was 21 cents under the Minneapolis March futures, unchanged from Monday'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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