DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 10 cents under the May futures contract while the DTN National Corn Index was up 25 cents at $6.70. The national average basis for soybeans was 2 cents weaker at 24 cents under the May futures contract while the DTN National Soybean Index was up 28 cents at $15.45. The national average basis for HRW wheat was 1 cent stronger at 21 cents under the May futures contract while the DTN National Hard Red Winter Wheat Index was up 30 cents at $6.81. The national average basis for HRS wheat was 1 cent stronger at 26 cents under the May futures contract while the DTN National Hard Red Spring Wheat Index was up 24 cents at $7.16.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.70	$0.25	-$0.10	May	$0.001
Soybeans:	$15.45	$0.28	-$0.24	May	-$0.015
SRW Wheat:	$7.22	$0.29	-$0.17	May	$0.001
HRW Wheat:	$6.81	$0.30	-$0.21	May	$0.010
HRS Wheat:	$7.16	$0.24	-$0.26	May	$0.012

CORN:

The national average corn basis for Monday is at 10 cents under the May futures, 1 cent stronger than Friday's basis.

SOYBEANS:

The national average soybean basis for Monday is at 24 cents under the May futures, 2 cents weaker than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday is at 17 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 21 cents under the Kansas City May futures, 1 cent stronger than Friday's basis.

HARD RED SPRING WHEAT:

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

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

Follow her on Twitter @MaryCKenn

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