DTN Daily Basis Comments
Corn Basis Stronger
The national average basis for corn was 1 cent stronger at 24 cents under the May futures contract while the DTN National Corn Index was down 2 cents at $3.36. The national average basis for soybeans was unchanged at 85 cents under the May futures contract while the DTN National Soybean Index was down 1 cent at $8.14. The national average basis for HRW wheat was unchanged at 14 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was unchanged at $4.18. The national average basis for HRS wheat was unchanged at 34 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 1 cent at $4.90.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.36 | -$0.02 | -$0.24 | May | $0.008 |
| Soybeans: | $8.14 | -$0.01 | -$0.85 | May | -$0.003 |
| SRW Wheat: | $4.41 | -$0.02 | -$0.25 | May | $0.005 |
| HRW Wheat: | $4.18 | $0.00 | -$0.14 | May | $0.002 |
| HRS Wheat: | $4.90 | $0.01 | -$0.34 | May | -$0.002 |
The DTN National Corn Index for Monday indicated a national average basis of 24 cents under the Chicago May futures contract, 1 cent stronger than Friday's basis.
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The DTN National Soybean Index for Monday indicated a national average basis of 86 cents under the Chicago May futures contract, unchanged from Friday's basis.
SOFT RED WINTER WHEAT:The DTN National Soft Red Winter (SRW) Wheat Index for Monday indicated a national average basis of 25 cents under the Chicago May futures, unchanged from Friday's basis.
HARD RED WINTER WHEAT:The DTN National Hard Red Winter (HRW) Wheat Index for Monday indicated a national average basis of 14 cents under the Kansas City May futures contract, unchanged from Friday's basis.
HARD RED SPRING WHEAT:The DTN National Hard Red Spring (HRS) Wheat Index for Monday indicated a national average basis of 34 cents under the Minneapolis May futures contract, unchanged from Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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