DTN Daily Basis Comments

Soybean Basis Steady

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 26 cents under the May futures contract while the DTN National Corn Index was down 1 cent at $3.04. The national average basis for soybeans was unchanged at 45 cents under the May futures contract while the DTN National Soybean Index was unchanged at $8.09. The national average basis for HRW wheat was unchanged at 24 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was up 5 cents at $4.54. The national average basis for HRS wheat was 1 cent stronger at 12 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 6 cents at $5.18.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $3.04 -$0.01 -$0.26 May $0.003
Soybeans: $8.09 $0.00 -$0.45 May -$0.001
SRW Wheat: $5.27 -$0.01 -$0.21 May $0.001
HRW Wheat: $4.54 $0.05 -$0.24 May $0.001
HRS Wheat: $5.18 $0.06 -$0.12 May $0.009

CORN:

The national average corn basis for Wednesday is at 26 cents under the May futures, 1 cent stronger than Monday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 45 cents under the May futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 21 cents under the Chicago May futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 24 cents under the Kansas City May futures, unchanged from Monday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 12 cents under the Minneapolis May futures, 1 cent stronger than Monday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

Mary Kennedy

Mary Kennedy
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