DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 18 cents under the March futures contract and the DTN National Corn Index was up 2 cents at $3.90. The national average basis for soybeans was steady at 53 cents under the March futures contract, while the DTN National Soybean Index was down 4 cents at $10.79. The national average basis for hard red winter (HRW) wheat was steady at 56 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 9 cents at $5.37. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 19 cents under the March futures contract, while the DTN National Hard Red Spring Wheat Index was up 9 cents at $6.40.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.90	$0.02	-$0.18	Mar	$0.006
Soybeans:	$10.79	-$0.04	-$0.53	Mar	$0.007
SRW Wheat:	$5.33	$0.10	-$0.53	Mar	$0.011
HRW Wheat:	$5.37	$0.09	-$0.56	Mar	-$0.004
HRS Wheat:	$6.40	$0.09	-$0.19	Mar	-$0.011

CORN:

The national average corn basis for Tuesday was 18 cents under the March futures, unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday was 53 cents under the March, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 53 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 56 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 18 cents under the Minneapolis March futures, 1 cent weaker than Monday's basis.

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

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

(c) Copyright 2024 DTN, LLC. All rights reserved.