DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn is steady at 38 cents under the May futures contract, while the DTN National Corn Index was down 3 cents at $4.03. The national average basis for soybeans was steady at 68 cents under the May futures, while the DTN National Soybean Index was up 11 cents at $11.08. The national average basis for hard red winter (HRW) wheat was steady at 72 cents under the May futures contract, while the DTN National Hard Red Winter Wheat Index was unchanged at $5.19. The national average basis for hard red spring (HRS) wheat was steady at 36 cents under the MIAX Minneapolis May futures contract, while the DTN National Hard Red Spring Wheat Index was down 7 cents at $5.75.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.03	-$0.03	-$0.38	May	$0.000
Soybeans:	$11.08	$0.11	-$0.68	May	$0.000
SRW Wheat:	$5.18	-$0.03	-$0.53	May	$0.003
HRW Wheat:	$5.19	$0.00	-$0.72	May	$0.000
HRS Wheat:	$5.75	-$0.07	-$0.36	May	$0.001

CORN:

The national average corn basis for Friday was 38 cents under the May futures, unchanged from Thursday's basis.

SOYBEAN:

The national average soybean basis for Friday was 68 cents under the May futures, unchanged from Thursday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Friday was 53 cents under the May futures unchanged from Thursday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Friday was 72 cents under the Kansas City May futures, unchanged from Thursday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Friday was 36 cents under the MIAX Minneapolis May futures, unchanged from Thursday's basis.

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

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