DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was unchanged at 12 cents under the May futures contract while the DTN National Corn Index was up 4 cents at $3.73. The national average basis for soybeans was also steady at 52 cents under the May futures contract while the DTN National Soybean Index was up 4 cents at $8.56. The national average basis for HRW wheat was 2 cents stronger at 26 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 4 cents at $4.27. The national average basis for HRS wheat was unchanged at 24 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was down 4 cents at $5.06.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$3.73	$0.04	-$0.12	May	$0.004
Soybeans:	$8.56	$0.04	-$0.52	May	$0.005
SRW Wheat:	$5.13	-$0.09	-$0.06	May	$0.004
HRW Wheat:	$4.27	-$0.04	-$0.26	May	$0.012
HRS Wheat:	$5.06	-$0.04	-$0.24	May	$0.004

CORN:

The national average corn basis for Wednesday is at 12 cents under the May futures, unchanged from Tuesday's basis.

SOYBEANS:

The national average soybean basis for Wednesday is at 52 cents under the May futures, unchanged from Tuesday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Wednesday is at 6 cents under the Chicago May futures, unchanged from Tuesday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Wednesday is at 26 cents under the Kansas City May futures, 2 cents stronger than Tuesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Wednesday is at 24 cents under the Minneapolis May futures, unchanged from Tuesday's basis.

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

Follow Mary Kennedy on Twitter @MaryCKenn

(BAS)

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