DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 26 cents under the May futures contract while the DTN National Corn Index was down 10 cents at $2.80. The national average basis for soybeans was 1 cent stronger at 43 cents under the May futures contract while the DTN National Soybean Index was down 2 cents at $7.86. The national average basis for HRW wheat was 3 cents stronger at 25 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 1 cent at $4.46. The national average basis for HRS wheat was 7 cents stronger at 14 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 2 cents at $4.80.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$2.80	-$0.10	-$0.26	May	$0.004
Soybeans:	$7.86	-$0.02	-$0.43	May	$0.008
SRW Wheat:	$5.01	-$0.06	-$0.20	May	$0.002
HRW Wheat:	$4.46	-$0.01	-$0.25	May	$0.029
HRS Wheat:	$4.80	$0.02	-$0.14	May	$0.067

CORN:

The national average corn basis for Monday is at 26 cents under the May futures, unchanged from Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 43 cents under the May futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 20 cents under the Chicago May futures, 1 cent stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 25 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 14 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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