DTN Daily Basis Comments
Corn Basis Weaker
DAILY BASIS AND CASH INDEX SUMMARY:
The national average basis for corn was 1 cent weaker at 9 cents under the May futures contract while the DTN National Corn Index was up 25 cents at $6.42. The national average basis for soybeans was unchanged at 21 cents under the May futures contract while the DTN National Soybean Index was up 36 cents at $15.13. The national average basis for HRW wheat was unchanged at 23 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was up 37 cents at $6.44. The national average basis for HRS wheat was 1 cent weaker at 28 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 29 cents at $6.81.
| DTN Cash | Change From | National | Contract | Change from | |
| Commodity | Index | Prev Day | Avg. Basis | Month | Prev Day |
| Corn: | $6.42 | $0.25 | -$0.09 | May | -$0.003 |
| Soybeans: | $15.13 | $0.36 | -$0.21 | May | $0.004 |
| SRW Wheat: | $6.92 | $0.36 | -$0.19 | May | -$0.011 |
| HRW Wheat: | $6.44 | $0.37 | -$0.23 | May | $0.002 |
| HRS Wheat: | $6.81 | $0.29 | -$0.28 | May | -$0.010 |
CORN:
The national average corn basis for Thursday is at 9 cents under the May futures, 1 cent weaker than Wednesday basis.
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SOYBEANS:
The national average soybean basis for Thursday is at 21 cents under the May futures, unchanged from Wednesday basis.
SOFT RED WINTER WHEAT:
The national average SRW wheat basis for Thursday is at 19 cents under the May futures, 2 cents weaker than Wednesday basis.
HARD RED WINTER WHEAT:
The national average HRW wheat basis for Thursday is at 23 cents under the Kansas City May futures, unchanged from Wednesday basis.
HARD RED SPRING WHEAT:
The national average HRS wheat basis for Thursday is at 28 cents under the Minneapolis May futures, 1 cent weaker than Wednesday basis.
Mary Kennedy can be reached at mary.kennedy@dtn.com
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