DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 26 cents under the May futures contract and the DTN National Corn Index was up 5 cents at $4.51. The national average basis for soybeans was 1 cent stronger at 51 cents under the May futures contract, while the DTN National Soybean Index was up 13 cents at $10.02. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 67 cents under the May futures contract, and the DTN National Hard Red Winter Wheat Index was down unchanged at $4.71. The national average basis for hard red spring (HRS) wheat was steady at 26 cents under the Minneapolis May futures contract, and the DTN National Hard Red Spring Wheat Index was up 2 cents at $5.67.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.51	$0.05	-$0.26	May	-$0.003
Soybeans:	$10.02	$0.13	-$0.51	May	$0.007
SRW Wheat:	$4.74	$0.01	-$0.56	May	$0.002
HRW Wheat:	$4.71	$0.00	-$0.67	May	$0.005
HRS Wheat:	$5.67	$0.02	-$0.26	May	$0.007

CORN:

The national average corn basis for Thursday was 26 cents under the May futures, unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 51 cents under the May futures, 1 cent stronger than Wednesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday was 56 cents under the May futures, unchanged from Wednesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 67 cents under the Kansas City May futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 26 cents under the Minneapolis May futures, unchanged from Wednesday's basis.

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

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