DTN Daily Basis Comments

Corn Basis Weaker

Mary Kennedy
By  Mary Kennedy , DTN Basis Analyst
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DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent weaker at 13 cents under the May futures contract while the DTN National Corn Index was up 10 cents at $5.37. The national average basis for soybeans was unchanged at 35 cents under the May futures contract while the DTN National Soybean Index was up 6 cents at $13.85. 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 up 4 cents at $5.81. The national average basis for HRS wheat was 2 cents stronger at 31 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 7 cents at $6.08.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.37 $0.10 -$0.13 May -$0.005
Soybeans: $13.85 $0.06 -$0.35 May $0.001
SRW Wheat: $6.23 $0.07 -$0.22 May $0.007
HRW Wheat: $5.81 $0.04 -$0.26 May $0.004
HRS Wheat: $6.08 $0.07 -$0.31 May $0.015

CORN:

The national average corn basis for Monday is at 13 cents under the May futures, 1 cent weaker than Friday's basis.

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SOYBEANS:

The national average soybean basis for Monday is at 35 cents under the May futures, unchanged from Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 22 cents under the May futures, 1 cent stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 26 cents under the Kansas City May futures, unchanged from Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 31 cents under the Minneapolis May futures, 2 cents stronger than Friday's basis.

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

Follow her on Twitter @MaryCKenn

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Mary Kennedy

Mary Kennedy
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