DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 34 cents under the March futures contract, while the DTN National Corn Index was unchanged at $3.97. The national average basis for soybeans was steady at 65 cents under the March futures, while the DTN National Soybean Index was down 3 cents at $10.07. The national average basis for hard red winter (HRW) wheat was unchanged at 68 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 5 cents at $4.79. The national average basis for hard red spring (HRS) wheat was steady at 15 cents under the MIAX Minneapolis March futures contract, while the DTN National Hard Red Spring Wheat Index was up 7 cents at $5.67.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.97	$0.00	-$0.34	Mar	-$0.004
Soybeans:	$10.07	-$0.03	-$0.65	Mar	-$0.001
SRW Wheat:	$4.88	$0.08	-$0.54	Mar	$0.027
HRW Wheat:	$4.79	$0.05	-$0.68	Mar	$0.007
HRS Wheat:	$5.67	$0.07	-$0.15	Mar	$0.000

CORN:

The national average corn basis for Thursday was 34 cents under the March futures, unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 65 cents under the March futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday was 54 cents under the March futures, 2 cents stronger than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 68 cents under the Kansas City March futures, unchanged from Wednesday's basis

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 15 cents under the MIAX Minneapolis March futures, unchanged from Wednesday's basis.

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

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