DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 36 cents under the March futures contract, while the DTN National Corn Index was up 3 cents at $3.86. The national average basis for soybeans was steady at 70 cents under the March futures, while the DTN National Soybean Index was up 4 cents at $9.73. The national average basis for hard red winter (HRW) wheat was unchanged at 70 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 3 cents at $4.53. The national average basis for hard red spring (HRS) wheat was steady at 16 cents under the MIAX Minneapolis March futures contract, while the DTN National Hard Red Spring Wheat Index was up 1 cent at $5.51.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.86	$0.03	-$0.36	Mar	$0.005
Soybeans:	$9.73	$0.04	-$0.70	Mar	$0.001
SRW Wheat:	$4.58	$0.04	-$0.55	Mar	$0.023
HRW Wheat:	$4.53	$0.03	-$0.70	Mar	-$0.001
HRS Wheat:	$5.51	$0.01	-$0.16	Mar	$0.002

CORN:

The national average corn basis for Wednesday was 36 cents under the March futures, unchanged from Tuesday's basis.

SOYBEAN:

The national average soybean basis for Wednesday was 70 cents under the March futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday was 55 cents under the March futures, 2 cents stronger than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday was 70 cents under the Kansas City March futures, unchanged from Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday was 16 cents under the MIAX Minneapolis March futures, unchanged from Tuesday's basis.

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

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