DTN Daily Basis Comments

Corn Basis Steady, Soybean Basis Stronger

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 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)

Mary Kennedy

Mary Kennedy
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