DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 4 cents stronger at 14 cents over the March futures contract, and the DTN National Corn Index is down 10 cents at $6.60. The national average basis for soybeans was unchanged at 20 cents under the January futures contract and the DTN National Soybean Index is up 8 cents at $14.18. The national average basis for hard red winter (HRW) wheat was 3 cents stronger at 32 cents under the March futures contract and the DTN National Hard Red Winter Wheat Index is down 16 cents at $8.55. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 33 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is down 18 cents at $8.88.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.60	-$0.10	$0.14	Mar	$0.041
Soybeans:	$14.18	$0.08	-$0.20	Jan	-$0.006
SRW Wheat:	$7.06	-$0.24	-$0.55	Mar	-$0.022
HRW Wheat:	$8.39	-$0.16	-$0.32	Mar	$0.031
HRS Wheat:	$8.88	-$0.18	-$0.33	Mar	-$0.017

CORN:

The national average corn basis for Friday was 14 cents over the March futures, 4 cents stronger than Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is 20 cents under the January futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is 55 cents under the March futures, 2 cents weaker than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is 32 cents under the Kansas City March futures, 3 cents stronger than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is 33 cents under the Minneapolis March futures, 1 cent weaker than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

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