DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was 1 cent stronger at 37 cents under the May futures contract, while the DTN National Corn Index was unchanged at $4.03. The national average basis for soybeans was 1 cent stronger at 67 cents under the May futures, while the DTN National Soybean Index was down 12 cents at $10.95. The national average basis for hard red winter (HRW) wheat was also 1 cent stronger at 71 cents under the May futures contract, and the DTN National Hard Red Winter Wheat Index was up 13 cents at $5.32. 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 up 13 cents at $5.88.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.03	$0.00	-$0.37	May	$0.004
Soybeans:	$10.95	-$0.12	-$0.67	May	$0.012
SRW Wheat:	$5.26	$0.08	-$0.56	May	-$0.034
HRW Wheat:	$5.32	$0.13	-$0.71	May	$0.002
HRS Wheat:	$5.88	$0.13	-$0.36	May	-$0.001

CORN:

The national average corn basis for Monday was 37 cents under the May futures, 1 cent stronger than Friday's basis.

SOYBEAN:

The national average soybean basis for Monday was 67 cents under the May futures, 1 cent stronger than Friday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Monday was 56 cents under the May futures, 3 cents weaker than Friday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Monday was 71 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 was 36 cents under the MIAX Minneapolis May futures, unchanged from Friday's basis.

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

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