DTN Daily Basis Comments
Corn Basis Strengthens
The national average basis for corn was 1 cent stronger at 36 cents under the May futures contract and the DTN National Corn Index was up 1 cent at $3.52. The national average basis for soybeans was unchanged at 79 cents under the May futures contract while the DTN National Soybean Index was down 3 cents at $9.96. The national average basis for HRW wheat was 1 cent stronger at 47 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 3 cents at $4.94. The national average basis for HRS wheat was 1 cent stronger at 21 cents under the May futures contract and the DTN National Hard Red Spring Wheat Index was up 5 cents at $6.08.
DAILY BASIS CHART:
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.52 | $0.01 | -$0.36 | May | $0.002 |
| Soybeans: | $9.96 | -$0.03 | -$0.79 | May | $0.002 |
| SRW Wheat: | $4.71 | -$0.02 | -$0.36 | May | $0.001 |
| HRW Wheat: | $4.94 | -$0.03 | -$0.47 | May | $0.006 |
| HRS Wheat: | $6.08 | $0.05 | -$0.21 | May | $0.002 |
The DTN National Corn Index for Tuesday indicated a national average basis of 36 cents under the Chicago May futures contract, 1 cent stronger than Monday's basis.
SOYBEANS:The DTN National Soybean Index for Tuesday indicated a national average basis of 79 cents under the Chicago May futures contract, unchanged from Monday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter Wheat Index for Tuesday indicated a national average basis of 36 cents under the Chicago May futures, unchanged from Monday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter Wheat Index for Tuesday indicated a national average basis of 47 cents under the Kansas City May futures contract, 1 cent stronger than Monday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring Wheat Index for Tuesday indicated a national average basis of 21 cents under the Minneapolis May futures contract, 1 cent stronger than Monday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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