DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 2 cents weaker at 17 cents under the March futures contract while the DTN National Corn Index was up 23 cents at $5.00. The national average basis for soybeans was unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was up cents at $13.75. 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 28 at $5.96. The national average basis for HRS wheat was 2 cents weaker at 27 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 13 cents at $5.94.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$5.00	$0.23	-$0.17	Mar	-$0.023
Soybeans:	$13.75	$0.45	-$0.43	Mar	-$0.005
SRW Wheat:	$6.47	$0.30	-$0.18	Mar	-$0.004
HRW Wheat:	$5.96	$0.28	-$0.26	Mar	-$0.010
HRS Wheat:	$5.94	$0.13	-$0.27	Mar	-$0.015

CORN:

The national average corn basis for Tuesday is at 17 cents under the March futures, 2 cents weaker than Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 43 cents under the March futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 18 cents under the March futures, 1 cent weaker than Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 26 cents under the Kansas City March futures, unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Tuesday is at 27 cents under the Minneapolis March futures, 2 cents weaker than Monday's basis.

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

Follow her on Twitter @MaryCKenn

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