DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 13 cents under the May futures contract while the DTN National Corn Index was down 4 cents at $3.60. The national average basis for soybeans was 1 cent stronger at 50 cents under the May futures contract while the DTN National Soybean Index was down 21 cents at $8.20. The national average basis for HRW wheat was 3 cents stronger at 23 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $4.18. The national average basis for HRS wheat was 7 cents stronger at 17 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.04.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.60	-$0.04	-$0.13	May	-$0.007
Soybeans:	$8.20	-$0.21	-$0.50	May	$0.003
SRW Wheat:	$5.09	-$0.01	-$0.10	May	-$0.040
HRW Wheat:	$4.18	-$0.02	-$0.23	May	$0.028
HRS Wheat:	$5.04	$0.02	-$0.17	May	$0.066

CORN:

The national average corn basis for Monday is at 13 cents under the May futures, 1 cent weaker than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 50 cents under the May futures, 1 cent stronger from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 10 cents under the Chicago May futures, 4 cents weaker than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 23 cents under the Kansas City May futures, 3 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 17 cents under the Minneapolis May futures, 7 cents stronger than Friday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

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