DTN Daily Basis Comments
Corn Basis Weaker
The national average basis for corn was 1 cent weaker at 27 cents under the May futures contract while the DTN National Corn Index was down 3 cents at $3.04. The national average basis for soybeans was 1 cent stronger at 45 cents under the May futures contract while the DTN National Soybean Index was down 4 cents at $8.09. 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 5 cents at $4.46. The national average basis for HRS wheat was 8 cents weaker at 17 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was down 3 cents at $5.07.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $3.04 | -$0.03 | -$0.27 | May | -$0.003 |
Soybeans: | $8.09 | -$0.04 | -$0.45 | May | $0.004 |
SRW Wheat: | $5.35 | $0.08 | -$0.14 | May | $0.000 |
HRW Wheat: | $4.46 | $0.05 | -$0.26 | May | -$0.029 |
HRS Wheat: | $5.07 | -$0.03 | -$0.17 | May | -$0.080 |
The national average corn basis for Friday is at 27 cents under the May futures, 1 cent weaker than Thursday's basis.
SOYBEANS:The national average soybean basis for Friday is at 45 cents under the May futures, 1 cent stronger than Thursday's basis.
SOFT RED WINTER WHEAT:The national average SRW wheat basis for Friday is at 14 cents under the Chicago May futures, unchanged from Thursday's basis.
HARD RED WINTER WHEAT:The national average HRW wheat basis for Friday is at 26 cents under the Kansas City May futures, 3 cents weaker than Thursday's basis.
HARD RED SPRING WHEAT:The national average HRS wheat basis for Friday is at 17 cents under the Minneapolis May futures, 8 cents weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow Mary Kennedy on Twitter @MaryCKenn
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