DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 12 cents under the March futures contract while the DTN National Corn Index was down 2 cents at $3.65. The national average basis for soybeans was unchanged at 50 cents under the March futures contract while the DTN National Soybean Index was down 2 cents at $8.44. The national average basis for HRW wheat was 3 cents weaker at 26 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.40. The national average basis for HRS wheat was 6 cents weaker at 16 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was down 7 cents at $5.07.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.65	-$0.02	-$0.12	Mar	-$0.001
Soybeans:	$8.44	-$0.02	-$0.50	Mar	$0.002
SRW Wheat:	$5.36	-$0.02	-$0.07	Mar	-$0.004
HRW Wheat:	$4.40	-$0.03	-$0.26	Mar	-$0.025
HRS Wheat:	$5.07	-$0.07	-$0.19	Mar	-$0.054

CORN:

The national average corn basis for Friday is at 12 cents under the March futures, unchanged from Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at 50 cents under the March futures, 1 cent stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 7 cents under the Chicago March futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 26 cents under the Kansas City March futures, 3 cents weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 19 cents under the Minneapolis March futures, 6 cents weaker than Thursday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

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