DTN Daily Basis Comments
Corn, Soybean Basis Unchanged
The national average basis for corn was unchanged at 14 cents under the March futures contract while the DTN National Corn Index was down 6 cents at $3.73. The national average basis for soybeans was unchanged at 56 cents under the March futures contract while the DTN National Soybean Index was down 7 cents at $8.46. The national average basis for HRW wheat was unchanged at 28 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 6 cents at $4.58. The national average basis for HRS wheat was unchanged at 21 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was down 9 cents at $5.26.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.73 | -$0.06 | -$0.14 | Mar | $0.001 |
| Soybeans: | $8.46 | -$0.07 | -$0.56 | Mar | $0.004 |
| SRW Wheat: | $5.67 | -$0.08 | -$0.07 | Mar | -$0.015 |
| HRW Wheat: | $4.58 | -$0.06 | -$0.28 | Mar | $0.003 |
| HRS Wheat: | $5.26 | -$0.09 | -$0.21 | Mar | -$0.003 |
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The national average corn basis for Friday is at 14 cents under the March futures, unchanged from Thursday's basis.
The national average soybean basis for Friday is at 56 cents under the March futures, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:The national average SRW wheat basis for Friday is at 7 cents under the Chicago March futures, 2 cents weaker than Thursday's basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Friday is at 28 cents under the Kansas City March futures, unchanged from Thursday's basis.
The national average HRS wheat basis for Friday is at 21 cents under the Minneapolis March futures, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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