DTN Daily Basis Comments
Corn Basis Stronger, Soybean Basis Weaker
The national average basis for corn was 1 cent stronger at 20 cents under the May futures contract and the DTN National Corn Index was up 2 cents at $4.14. The national average basis for soybeans was 1 cent weaker at 56 cents under the May futures contract, while the DTN National Soybean Index was down 4 cents at $11.26. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 47 cents under the May futures contract, while the DTN National Hard Red Winter Wheat Index was up 3 cents at $5.38. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 21 cents under the May futures contract, while the DTN National Hard Red Spring Wheat Index was up 2 cents at $6.29.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $4.14 | $0.02 | -$0.20 | May | $0.003 |
Soybeans: | $11.26 | -$0.04 | -$0.56 | May | -$0.001 |
SRW Wheat: | $5.11 | -$0.02 | -$0.55 | May | -$0.005 |
HRW Wheat: | $5.38 | $0.03 | -$0.47 | May | $0.002 |
HRS Wheat: | $6.29 | $0.02 | -$0.21 | May | -$0.003 |
CORN:
The national average corn basis for Monday was 20 cents under the May futures, 1 cent stronger than Friday's basis.
SOYBEANS:
The national average soybean basis for Monday was 56 cents under the May futures, 1 cent weaker than Friday's basis.
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SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Monday was 55 cents under the May futures, 1 cent weaker than Friday's basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Monday was 47 cents under the Kansas City May futures, 1 cent stronger than Friday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Monday was 21 cents under the Minneapolis May futures 1 cent weaker than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com.
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