DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 37 cents under the May futures contract, while the DTN National Corn Index was up 4 cents at $4.06. The national average basis for soybeans was also steady at 67 cents under the May futures, while the DTN National Soybean Index was down 4 cents at $10.91. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 70 cents under the May futures contract, and the DTN National Hard Red Winter Wheat Index was up 21 cents at $5.52. 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 14 cents at $6.02.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.06	$0.04	-$0.37	May	$0.008
Soybeans:	$10.91	-$0.04	-$0.67	May	$0.005
SRW Wheat:	$5.36	$0.10	-$0.56	May	$0.001
HRW Wheat:	$5.52	$0.21	-$0.70	May	$0.011
HRS Wheat:	$6.02	$0.14	-$0.36	May	$0.005

CORN:

The national average corn basis for Tuesday was 37 cents under the May futures, unchanged from Monday's basis.

SOYBEAN:

The national average soybean basis for Tuesday was 67 cents under the May futures, unchanged from Monday's basis.

SOFT RED WINTER WHEAT:

The national average SRW wheat basis for Tuesday was 56 cents under the May futures, unchanged from Monday's basis.

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Tuesday was 70 cents under the Kansas City May futures, 1 cent stronger than Monday's basis.

HARD RED SPRING WHEAT:

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

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

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