DTN Daily Basis Comments
Corn Basis Weaker
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.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
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
(c) Copyright 2021 DTN, LLC. All rights reserved.