DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 18 cents under the March futures contract while the DTN National Corn Index was down 2 cents at $5.31. The national average basis for soybeans was also unchanged at 43 cents under the March futures contract while the DTN National Soybean Index was down 6 cents at $13.23. The national average basis for HRW wheat was 2 cents weaker at 28 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $5.97. The national average basis for HRS wheat was 4 cents weaker at 31 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index was unchanged at $5.95.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$5.31	-$0.02	-$0.18	Mar	-$0.001
Soybeans:	$13.23	-$0.06	-$0.43	Mar	$0.000
SRW Wheat:	$6.23	$0.04	-$0.18	Mar	$0.000
HRW Wheat:	$5.97	$0.05	-$0.28	Mar	-$0.018
HRS Wheat:	$5.95	$0.00	-$0.31	Mar	-$0.047

CORN:

The national average corn basis for Friday is at 18 cents under the March futures, unchanged from Thursday's basis.

SOYBEANS:

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

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is at 18 cents under the March futures, unchanged from 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, 2 cents weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is at 31 cents under the Minneapolis March futures, 4 cents weaker than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

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