DTN Daily Basis Comments
Soybean Basis Steady
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 |
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.
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
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