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 down 3 cents at $4.12. The national average basis for soybeans was steady at 66 cents under the May futures, and the DTN National Soybean Index was down 3 cents at $10.98. The national average basis for hard red winter (HRW) wheat was steady at 69 cents under the May futures contract, and the DTN National Hard Red Winter Wheat Index was up 18 cents at $5.74. 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 12 cents at $6.16.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.12	-$0.03	-$0.37	May	$0.002
Soybeans:	$10.98	-$0.03	-$0.66	May	$0.004
SRW Wheat:	$5.42	$0.05	-$0.56	May	$0.002
HRW Wheat:	$5.74	$0.18	-$0.69	May	$0.004
HRS Wheat:	$6.16	$0.12	-$0.36	May	$0.001

CORN:

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

SOYBEAN:

The national average soybean basis for Thursday was 66 cents under the May futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 69 cents under the Kansas City May futures, unchanged from Wednesday's basis

HARD RED SPRING WHEAT:

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

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

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