DTN Daily Basis Comments
Soybean Basis Stronger; Corn Steady
The national average basis for corn was unchanged at 28 cents under the May futures contract while the DTN National Corn Index was up 2 cents at $3.51. The national average basis for soybeans was 1 cent stronger at 87 cents under the May futures contract while the DTN National Soybean Index was down 7 cents at $8.16. The national average basis for HRW wheat was unchanged at 15 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 2 cents at $4.30. The national average basis for HRS wheat was unchanged at 33 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 1 cent at $5.39.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.51 | $0.02 | -$0.28 | May | $0.001 |
| Soybeans: | $8.16 | -$0.07 | -$0.87 | May | $0.001 |
| SRW Wheat: | $4.41 | $0.01 | -$0.25 | May | $0.014 |
| HRW Wheat: | $4.30 | -$0.02 | -$0.15 | May | $0.001 |
| HRS Wheat: | $5.39 | $0.01 | -$0.33 | May | $0.000 |
The DTN National Corn Index for Friday indicated a national average basis of 28 cents under the Chicago May futures contract, unchanged from Thursday's basis.
SOYBEANS:The DTN National Soybean Index for Friday indicated a national average basis of 87 cents under the Chicago May futures contract, 1 cent stronger than Thursday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Friday indicated a national average basis of 25 cents under the Chicago May futures, 2 cents stronger than Thursday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Friday indicated a national average basis of 15 cents under the Kansas City May futures contract, unchanged from Thursday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Friday indicated a national average basis of 33 cents under the Minneapolis May futures contract, unchanged from Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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