DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 32 cents under the March futures contract while the DTN National Corn Index was up 3 cents at $4.64. The national average basis for soybeans was also unchanged at 63 cents under the March futures contract, while the DTN National Soybean Index was up 6 cents at $9.73. The national average basis for hard red winter (HRW) wheat was unchanged at 63 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 23 cents at $5.59. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 29 cents under the March futures contract, while the DTN National Hard Red Spring Wheat Index was up 17 cents at $6.05.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.64	$0.03	-$0.32	Mar	$0.002
Soybeans:	$9.73	$0.06	-$0.63	Mar	$0.001
SRW Wheat:	$5.46	$0.22	-$0.54	Mar	$0.000
HRW Wheat:	$5.59	$0.23	-$0.63	Mar	$0.001
HRS Wheat:	$6.05	$0.17	-$0.29	Mar	-$0.002

CORN:

The national average corn basis for Friday was 32 cents under the March futures, unchanged from Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday was 63 cents under the March futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 54 cents under the March futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 63 cents under the Kansas City March futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 29 cents under the Minneapolis March futures, 1 cent weaker from Thursday's basis.

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

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