DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 35 cents under the March futures contract, while the DTN National Corn Index was down 1 cent at $3.89. The national average basis for soybeans was 1 cent stronger at 67 cents under the March futures, while the DTN National Soybean Index was down 4 cents at $9.86. 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 down 4 cents at $4.54. 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 down 3 cents at $5.46.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.89	-$0.01	-$0.35	Mar	$0.005
Soybeans:	$9.86	-$0.04	-$0.67	Mar	$0.011
SRW Wheat:	$4.56	-$0.05	-$0.54	Mar	$0.026
HRW Wheat:	$4.54	-$0.04	-$0.69	Mar	$0.001
HRS Wheat:	$5.46	-$0.03	-$0.16	Mar	$0.001

CORN:

The national average corn basis for Tuesday was 35 cents under the March futures, 1 cent stronger than Friday's basis.

SOYBEAN:

The national average soybean basis for Tuesday was 67 cents under the March futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 54 cents under the March futures, 3 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 69 cents under the Kansas City March futures, unchanged from Friday's basis.

HARD RED SPRING WHEAT:

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

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

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