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 5 cents at $3.89. The national average basis for soybeans was steady at 68 cents under the March futures, while the DTN National Soybean Index was up 5 cents at $9.90. The national average basis for hard red winter (HRW) wheat was steady at 69 cents under the March futures contract, while the DTN National Hard Red Winter Wheat Index was up 10 cents at $4.58. 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 3 cents at $5.49.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.89	$0.05	-$0.36	Mar	$0.002
Soybeans:	$9.90	$0.05	-$0.68	Mar	$0.002
SRW Wheat:	$4.61	$0.06	-$0.57	Mar	-$0.020
HRW Wheat:	$4.58	$0.10	-$0.69	Mar	$0.000
HRS Wheat:	$5.49	$0.03	-$0.16	Mar	$0.002

CORN:

The national average corn basis for Friday was 36 cents under the March futures, unchanged from Thursday's basis. PNW basis for Feb. is 3 cents stronger at +115H, while Hereford, Texas, is not bid. Jan. CIF basis is 2 cents weaker at +88H and track St. Louis is steady at +28H. Processors are steady with Cedar Rapids, Iowa, steady at -15H; Fort Dodge, Iowa, is steady at -30H; Council Bluffs, Iowa, is steady at -10H; Des Moines, Iowa, is steady at -21H; Decatur, Illinois, is steady at +5H; Mitchell, South Dakota, is steady at -59H; Blair, Nebraska, is steady at -7H; Hastings, Nebraska, is steady at -45H; Lincoln, Nebraska, is steady at -42H; Garden City, Kansas, is steady at -30H; Columbus, Nebraska, is steady at -12H; St. Paul, Minnesota is steady at -55H; and Marshall, Minnesota, is steady at -44H.

SOYBEAN:

The national average soybean basis for Friday was 68 cents under the March futures, unchanged from Thursday's basis. PNW basis for Jan. is steady at +110H. Jan. CIF basis is steady at +98H and Jan. track St. Louis is 6 cents stronger at +29H. River basis north of St. Louis on the Mississippi River at Quincy, Illinois, is steady at +6H; St. Paul, Minnesota, is steady at -75H and basis on the Illinois River at Havana, Illinois, is steady at -2H. Processors are steady with Council Bluffs, Iowa, steady at -40H; Des Moines, Iowa, is steady at -35H; Cedar Rapids, Iowa, is steady at -30H; Sioux City is steady at -40H; Decatur, Illinois, is steady at +5H; Volga, South Dakota, is steady at -80H; Spiritwood, North Dakota, is steady at -60H; NDSP Casselton, North Dakota is steady at -55H; Hastings, Nebraska, is steady at -94H; Lincoln, Nebraska, is steady at -45H; Aberdeen, South Dakota, is 5 cents stronger at -90H; Mitchell, South Dakota, is steady at -80H; and Mankato, Minnesota, steady at -30H. BN secondary shuttle freight for returns is bid plus $300 over against no offers, LH Jan. is bid plus $300 over against offers of plus $900 over and Feb. is bid plus $800 over against offers of plus $1400 over. UP secondary freight for returns is bid plus $100 over against no offers, LH January is bid plus $100 over against offers of plus $400 over and February is bid plus $200 over against offers of plus $450 over.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 57 cents under the March futures, 2 cents stronger than Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 69 cents under the Kansas City March futures, unchanged from Thursday's basis. Spot premiums were steady with ordinary protein steady at +90; 11% through 11.4% was unchanged at +105; 11.6% was up 10 at +115; 11.8% through 12.6% was up 9 at +115; 12.8 was steady at +118; 13% through 13.2% is steady at +120; 13.4% through 13.6% was steady at +130; 13.8% was steady at +137 and 14% was steady at +147. Gulf bid for spot 11% protein is steady at +110 with no protein bumps. PNW 11.5% is steady at +155, while Texas Gulf basis for 11% is steady at +180.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 16 cents under the MIAX Minneapolis March futures, unchanged from Thursday's basis. The MIAX Futures Exchange LLC Floor Trading Summary of spot milling spring wheat cash premiums closed as follows, basis the March MIAX spring wheat futures: 12% proteins were not quoted; 13% proteins were not quoted; 13.5% proteins were down 10 to down 20 at +125 to +130; 14% proteins are up 5 to unchanged at +140 to +190N; 14.5% proteins were down 40 to unchanged at +155 to +190N; 15% proteins are down 20 to unchanged at +180 to +250 and 16% proteins were not quoted. Wheat receipts on the exchange floor were 72 cars, which includes one train(s). Bid (B), Ask (A), Nominal (N). Minneapolis Daily Spot Grain Prices are Delivered Chicago/Beyond freight.

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

Follow her on social platform X @MaryCKenn

(c) Copyright 2026 DTN, LLC. All rights reserved.