DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 26 cents under the March futures contract while the DTN National Corn Index was down 6 cents at $4.11. The national average basis for soybeans was steady at 51 cents under the January futures contract, while the DTN National Soybean Index was down 25 cents at $9.00. The national average basis for hard red winter (HRW) wheat was steady at 63 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.86. The national average basis for hard red spring (HRS) wheat was steady at 21 cents under the March futures contract, and the DTN National Hard Red Spring Wheat Index was down 3 cents at $5.71.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.11	-$0.06	-$0.26	Mar	$0.003
Soybeans:	$9.00	-$0.25	-$0.51	Jan	-$0.003
SRW Wheat:	$4.80	-$0.03	-$0.61	Mar	$0.004
HRW Wheat:	$4.86	-$0.04	-$0.63	Mar	-$0.002
HRS Wheat:	$5.71	-$0.03	-$0.21	Mar	-$0.001

CORN:

The national average corn basis for Wednesday was 26 cents under the March futures 1 cent stronger than Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday was 51 cents under the January futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday was 61 cents under the March futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday was 63 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 21 cents under the Minneapolis March futures, unchanged from Tuesday's basis.

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

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