DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 14 cents under the March futures contract while the DTN National Corn Index was up 4 cents at $4.37. The national average basis for soybeans was unchanged at 44 cents under the January futures contract while the DTN National Soybean Index was up 5 cents at $12.19. The national average basis for HRW wheat was unchanged at 26 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 1 cent at $5.63. The national average basis for HRS wheat was unchanged at 26 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.56.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.37	$0.04	-$0.14	Mar	$0.002
Soybeans:	$12.19	$0.05	-$0.44	Jan	-$0.001
SRW Wheat:	$6.06	-$0.03	-$0.21	Mar	-$0.005
HRW Wheat:	$5.63	$0.01	-$0.26	Mar	$0.000
HRS Wheat:	$5.56	$0.02	-$0.26	Mar	-$0.004

CORN:

The national average corn basis for Thursday is at 14 cents under the March futures, 1 cent stronger than Wednesday's basis.

SOYBEANS:

The national average soybean basis for Thursday is at 44 cents under the January futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday is at 21 cents under the March futures, 1 cent weaker than Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday is at 26 cents under the Kansas City March futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday is at 26 cents under the Minneapolis March futures, unchanged from Wednesday's basis.

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

Follow her on Twitter @MaryCKenn

(c) Copyright 2020 DTN, LLC. All rights reserved.