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. PNW basis for Feb. is steady at +115H, while Hereford, Texas, is not bid. Jan. CIF basis is steady at +88H and track St. Louis is steady at +28H. Processors are mixed with Cedar Rapids, Iowa, 5 cents stronger at -10H; Fort Dodge, Iowa, is steady at -30H; Council Bluffs, Iowa, is steady at -10H; Des Moines, Iowa, is steady at -21H; Decatur, Illinois, is 2 cents weaker at +3H; Mitchell, South Dakota, is 2 cents weaker at -61H; 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 4 cents stronger at -40H.

SOYBEAN:

The national average soybean basis for Tuesday was 67 cents under the March futures, 1 cent stronger than Friday's basis. PNW basis for Jan. is steady at +110H. Jan. CIF basis is steady at +98H and Jan. track St. Louis is steady 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 2 cents stronger at option the H. Ice is building on the Illinois River causing an ice gorge below Marseille. Couplings are required and barge traffic is slow. Processors are mixed 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 10 cents stronger at -35H; 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 $400 over against no offers, LH Jan. is bid plus $400 over against no offers and Feb. is bid plus $900 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 $500 over.

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. Spot premiums were steady to higher with ordinary protein steady at +90; 11% through 11.4% was unchanged at +105; 11.6% through 12.4% was up 20 at +135; 12.6% was up 5 at +120; 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 Tuesday was 16 cents under the MIAX Minneapolis March futures, unchanged from Friday'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 at +95*; 13.5% proteins were unchanged at +125N to +130N; 14% proteins are unchanged to down 10 at +140N to +180; 14.5% proteins were down 10 to down 45 at +145; 15% proteins are unchanged at +180N to +250 and 16% proteins were not quoted. Wheat receipts on the exchange floor were 35 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.