DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 30 cents under the May futures contract and the DTN National Corn Index down 3 cents at $4.28. The national average basis for soybeans was 1 cent stronger at 59 cents under the May futures contract, while the DTN National Soybean Index was down 4 cents at $9.70. The national average basis for hard red winter (HRW) wheat was 3 cents stronger at 69 cents under the May futures contract, and the DTN National Hard Red Winter Wheat Index was up 7 cents at $5.00. The national average basis for hard red spring (HRS) wheat was 5 cents stronger at 28 cents under the May futures contract, and the DTN National Hard Red Spring Wheat Index was up 4 cents at $5.65.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.28	-$0.03	-$0.30	May	$0.011
Soybeans:	$9.70	-$0.04	-$0.59	May	$0.005
SRW Wheat:	$4.82	-$0.01	-$0.57	May	$0.003
HRW Wheat:	$5.00	$0.07	-$0.69	May	$0.035
HRS Wheat:	$5.65	$0.04	-$0.28	May	$0.05

CORN:

The national average corn basis for Wednesday was 30 cents under the May futures, 1 cent stronger than Tuesday's basis.

SOYBEAN:

The national average soybean basis for Wednesday was 59 cents under the May futures, 1 cent stronger than Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday was 57 cents under the May futures, 1 cent stronger than Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday was 69 cents under the Kansas City May futures, 3 cents stronger than Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday was 28 cents under the Minneapolis May futures, 5 cents stronger than Tuesday's basis

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

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