DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is steady at 9 cents over the March futures contract, while the DTN National Corn Index is down 2 cents at $6.61. The national average basis for soybeans is 1 cent stronger at 27 cents under the March futures contract while the DTN National Soybean Index is down 4 cents at $14.61. The national average basis for hard red winter (HRW) wheat is 2 cents stronger at 31 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is down 2 cents at $7.97. The national average basis for hard red spring (HRS) wheat is 4 cents stronger at 20 cents under the March futures contract while the DTN National Hard Red Spring Wheat Index is up 4 cents at $8.82.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.61	-$0.02	$0.09	Mar	-$0.006
Soybeans:	$14.61	-$0.04	-$0.27	Mar	$0.004
SRW Wheat:	$7.00	-$0.03	-$0.42	Mar	-$0.006
HRW Wheat:	$7.97	-$0.02	-$0.31	Mar	$0.019
HRS Wheat:	$8.82	$0.04	-$0.20	Mar	$0.041

CORN:

The national average corn basis for Monday is 9 cents over the March futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is 27 cents under the March futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is 42 cents under the March futures, 1 cent weaker than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is 31 cents under the Kansas City March futures, 2 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is 20 cents under the Minneapolis March futures, 4 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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