DTN Daily Basis Comments

Soybean Basis Stronger

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 unchanged at 9 cents under the May futures contract while the DTN National Corn Index was down 2 cents at $5.69. The national average basis for soybeans was 1 cent stronger at 27 cents under the May futures contract while the DTN National Soybean Index was down 11 cents at $13.76. The national average basis for HRW wheat was unchanged at 25 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was up 10 cents at $5.62. The national average basis for HRS wheat was 2 cents stronger at 29 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 15 cents at $6.25.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.69 -$0.02 -$0.09 May $0.006
Soybeans: $13.76 -$0.11 -$0.27 May $0.009
SRW Wheat: $6.19 $0.10 -$0.20 May $0.001
HRW Wheat: $5.62 $0.10 -$0.25 May $0.001
HRS Wheat: $6.25 $0.15 -$0.29 May $0.016

CORN:

The national average corn basis for Friday is at 9 cents under the May futures, unchanged from Thursday's basis.

SOYBEANS:

The national average soybean basis for Friday is at 27 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 20 cents under the May futures, unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday is at 25 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 29 cents under the Minneapolis May futures, 2 cents stronger than Thursday's basis.

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

Follow her on Twitter @MaryCKenn

Mary Kennedy

Mary Kennedy
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