DTN Daily Basis Comments

Soybean, Corn 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 1 cent stronger at 8 cents under the May futures contract while the DTN National Corn Index was down 8 cents at $5.61. The national average basis for soybeans was 1 cent stronger at 26 cents under the May futures contract while the DTN National Soybean Index was down 20 cents at $13.56. The national average basis for HRW wheat was 2 cents stronger at 23 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was down 6 cents at $5.56. The national average basis for HRS wheat was unchanged at 29 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was down 11 cents at $6.14.

DTN Cash Change From National Contract Change from
Commodity Index Prev Day Avg. Basis Month Prev Day
Corn: $5.61 -$0.07 -$0.08 May $0.009
Soybeans: $13.56 -$0.20 -$0.26 May $0.010
SRW Wheat: $6.10 -$0.09 -$0.18 May $0.016
HRW Wheat: $5.56 -$0.06 -$0.23 May $0.012
HRS Wheat: $6.14 -$0.11 -$0.29 May $0.006

CORN:

The national average corn basis for Monday is at 8 cents under the May futures, 1 cent stronger than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 26 cents under the May futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 18 cents under the May futures, 2 cents stronger than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday is at 23 cents under the Kansas City May futures, 2 cents stronger than Friday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Monday is at 29 cents under the Minneapolis May futures, unchanged from Friday'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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