DTN Daily Basis Comments
Corn Basis Stronger
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent stronger at 12 cents under the May futures contract while the DTN National Corn Index was up 1 cent at $5.27. The national average basis for soybeans was unchanged at 35 cents under the May futures contract while the DTN National Soybean Index was unchanged at $13.78. The national average basis for HRW wheat was unchanged at 26 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 1 cent at $5.77. The national average basis for HRS wheat was 1 cent weaker at 33 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was down 1 cent at $6.01.
DTN Cash | Change From | National | Contract | Change from | |
Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
Corn: | $5.27 | $0.01 | -$0.12 | May | $0.003 |
Soybeans: | $13.78 | $0.00 | -$0.35 | May | $0.003 |
SRW Wheat: | $6.16 | -$0.04 | -$0.23 | May | $0.003 |
HRW Wheat: | $5.77 | -$0.01 | -$0.26 | May | -$0.004 |
HRS Wheat: | $6.01 | -$0.01 | -$0.33 | May | -$0.007 |
CORN:
The national average corn basis for Friday is at 12 cents under the May futures, 1 cent stronger than Thursday's basis.
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SOYBEANS:
The national average soybean basis for Friday is at 35 cents under the May futures, unchanged from Thursday's basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Friday is at 23 cents under the 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, unchanged from Thursday's basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Friday is at 33 cents under the Minneapolis May futures, 1 cent weaker than Thursday's basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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