DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is steady at 12 cents over the March futures contract, while the DTN National Corn Index is down 1 cent at $6.90. The national average basis for soybeans is 2 cents stronger at 28 cents under the March futures contract while the DTN National Soybean Index is up 10 cents at $14.96. The national average basis for hard red winter (HRW) wheat is 1 cent weaker at 31 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is up 21 cents at $8.57. The national average basis for hard red spring (HRS) wheat is 3 cents weaker at 25 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index is up 22 cents at $9.14.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.90	-$0.01	$0.12	Mar	$0.000
Soybeans:	$14.96	$0.10	-$0.28	Mar	$0.021
SRW Wheat:	$7.48	$0.25	-$0.44	Mar	$0.071
HRW Wheat:	$8.57	$0.21	-$0.31	Mar	-$0.003
HRS Wheat:	$9.14	$0.22	-$0.25	Mar	-$0.032

CORN:

The national average corn basis for Friday is 12 cents over the March futures, unchanged from Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is 28 cents under the March futures, 2 cents stronger than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is 44 cents under the March futures, 7 cents stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is 31 cents under the Kansas City March futures, 1 cent weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is 25 cents under the Minneapolis March futures, 3 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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