DTN Daily Basis Comments
Corn, Soybean Basis Stronger
The national average basis for corn was 1 cent stronger at 22 cents under the May futures contract while the DTN National Corn Index was unchanged at $3.21. The national average basis for soybeans was 1 cent stronger at 47 cents under the May futures contract while the DTN National Soybean Index was up 22 cents at $8.37. The national average basis for HRW wheat was 3 cents weaker at 26 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was up 17 cents at $4.64. The national average basis for HRS wheat was 6 cents weaker at 17 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 3 cents at $5.13.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $3.21 | $0.00 | -$0.22 | May | $0.003 |
| Soybeans: | $8.37 | $0.22 | -$0.47 | May | $0.004 |
| SRW Wheat: | $5.49 | $0.22 | -$0.13 | May | -$0.014 |
| HRW Wheat: | $4.64 | $0.17 | -$0.26 | May | -$0.033 |
| HRS Wheat: | $5.13 | $0.03 | -$0.17 | May | -$0.066 |
The national average corn basis for Monday is at 22 cents under the May futures, 1 cent stronger than Friday's basis.
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The national average soybean basis for Monday is at 47 cents under the May futures, 1 cents stronger than Friday's basis.
The national average SRW wheat basis for Monday is at 13 cents under the Chicago May futures, 1 cent weaker than Friday's basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Monday is at 23 cents under the Kansas City May futures, 3 cents weaker than Friday's basis.
HARD RED SPRING WHEAT:The national average HRS wheat basis for Monday is at 17 cents under the Minneapolis May futures, 6 cents weaker than Friday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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