DTN Daily Basis Comments
Soybean Basis Weaker
The national average basis for corn was unchanged at 27 cents under the May futures contract while the DTN National Corn Index was down 3 cents at $3.46. The national average basis for soybeans was 1 cent weaker at 88 cents under the May futures contract while the DTN National Soybean Index was down 13 cents at $8.00. 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 up 1 cent 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 unchanged at $5.35.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.46 | -$0.03 | -$0.27 | May | $0.000 |
Soybeans: | $8.00 | -$0.13 | -$0.88 | May | -$0.001 |
SRW Wheat: | $4.44 | $0.00 | -$0.25 | May | -$0.002 |
HRW Wheat: | $4.30 | $0.01 | -$0.15 | May | $0.001 |
HRS Wheat: | $5.35 | $0.00 | -$0.33 | May | -$0.001 |
The DTN National Corn Index for Thursday indicated a national average basis of 27 cents under the Chicago May futures contract, unchanged from Monday's basis.
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The DTN National Soybean Index for Thursday indicated a national average basis of 88 cents under the Chicago May futures contract, 1 cent weaker than Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Thursday indicated a national average basis of 25 cents under the Chicago May futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Thursday indicated a national average basis of 15 cents under the Kansas City May futures contract, unchanged from Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Thursday indicated a national average basis of 33 cents under the Minneapolis May futures contract, unchanged from Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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