DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 11 cents over the May futures contract, while the DTN National Corn Index was down 3 cents at $6.63. The national average basis for soybeans was 3 cents stronger at 40 cents under the May futures contract, while the DTN National Soybean Index was unchanged at $14.61. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 32 cents under the May futures contract, while the DTN National Hard Red Winter Wheat Index was down 17 cents at $8.13. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 30 cents under the May futures contract, and the DTN National Hard Red Spring Wheat Index was down 11 cents at $8.20.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$6.63	-$0.03	$0.11	May	$0.004
Soybeans:	$14.61	$0.00	-$0.40	May	$0.029
SRW Wheat:	$6.21	-$0.11	-$0.46	May	$0.010
HRW Wheat:	$8.13	-$0.17	-$0.32	May	$0.010
HRS Wheat:	$8.20	-$0.11	-$0.30	May	-$0.004

CORN:

The national average corn basis for Thursday was 11 cents over the May futures, 1 cent stronger than Wednesday basis.

SOYBEANS:

The national average soybean basis for Thursday was 40 cents under the May futures, 3 cents stronger than Wednesday basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Thursday was 46 cents under the May futures, 1 cent stronger than Wednesday basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 32 cents under the Kansas City May futures, 1 cent stronger than Wednesday basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 30 cents under the Minneapolis May futures, 1 cent weaker than Wednesday basis.

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

Follow her on Twitter @MaryCKenn

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