DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 4 cents stronger at 12 cents under the March futures contract while the DTN National Corn Index was down 6 cents at $5.70. The national average basis for soybeans was 1 cent stronger at 37 cents under the January futures contract while the DTN National Soybean Index was down 10 cents at $12.04. The national average basis for hard red winter (HRW) wheat was 5 cents stronger at 18 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index was down 7 cents at $8.39. The national average basis for hard red spring (HRS) wheat was 5 cents stronger at 32 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was up 2 cents at $10.14.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$5.70	-$0.06	-$0.12	Mar	$0.039
Soybeans:	$12.04	-$0.10	-$0.37	Jan	$0.009
SRW Wheat:	$7.67	-$0.12	-$0.55	Mar	$0.057
HRW Wheat:	$8.39	-$0.07	-$0.18	Mar	$0.046
HRS Wheat:	$10.14	$0.02	-$0.32	Mar	$0.051

CORN:

The national average corn basis for Monday is 12 cents under the March futures, 4 cents stronger than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 37 cents under the January futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 55 cents under the March futures, 6 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 18 cents under the Kansas City March futures, 5 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 32 cents under the Minneapolis March futures, 5 cents stronger than Friday's basis.

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

Follow her on Twitter @MaryCKenn

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