DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is unchanged at 9 cents over the March futures contract, while the DTN National Corn Index is up 4 cents at $6.84. The national average basis for soybeans is 1 cent weaker at 29 cents under the March futures contract while the DTN National Soybean Index is up 8 cents at $14.99. The national average basis for hard red winter (HRW) wheat is 3 cents weaker at 33 cents under the March futures contract while the DTN National Hard Red Winter Wheat Index is up 7 cents at $8.11. The national average basis for hard red spring (HRS) wheat is 2 cents weaker at 22 cents under the March futures contract and the DTN National Hard Red Spring Wheat Index is down 2 cents at $8.90.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.84	$0.04	$0.09	Mar	-$0.001
Soybeans:	$14.99	$0.08	-$0.29	Mar	-$0.010
SRW Wheat:	$7.03	$0.01	-$0.40	Mar	$0.001
HRW Wheat:	$8.11	$0.07	-$0.33	Mar	-$0.022
HRS Wheat:	$8.90	-$0.02	-$0.22	Mar	-$0.023

CORN:

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

SOYBEANS:

The national average soybean basis for Friday is 29 cents under the March futures, 1 cent weaker than Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday is 40 cents under the March futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is 33 cents under the Kansas City March futures, 3 cents weaker than Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday is 22 cents under the Minneapolis March futures, 2 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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