DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 11 cents under the March futures contract, while the DTN National Corn Index was down 10 cents at $5.94. The national average basis for soybeans was 1 cent stronger at 35 cents under the January futures contract while the DTN National Soybean Index was down 3 cents at $13.24. The national average basis for hard red winter (HRW) wheat was unchanged at 12 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index was down 25 cents at $8.10. The national average basis for hard red spring (HRS) wheat was 1 cent stronger at 26 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index was down 24 cents at $9.74.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$5.94	-$0.10	-$0.11	Mar	$0.001
Soybeans:	$13.24	-$0.03	-$0.35	Jan	$0.002
SRW Wheat:	$7.40	-$0.20	-$0.44	Mar	$0.004
HRW Wheat:	$8.10	-$0.25	-$0.12	Mar	$0.002
HRS Wheat:	$9.74	-$0.24	-$0.26	Mar	$0.009

CORN:

The national average corn basis for Tuesday is 11 cents under the March futures, unchanged from Monday's basis.

SOYBEANS:

The national average soybean basis for Tuesday is at 35 cents under the January futures, 1 cent stronger than Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday is at 44 cents under the March futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday is at 12 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 26 cents under the Minneapolis March futures,1 cent stronger than Monday's basis.

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

Follow her on Twitter @MaryCKenn

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