DTN Daily Basis Comments

DAILY BASIS AND CASH INDEX SUMMARY:

The national average basis for corn was steady at 35 cents under the May futures contract, while the DTN National Corn Index was up 2 cents at $4.21. The national average basis for soybeans was steady at 63 cents under the May futures, and the DTN National Soybean Index was down 4 cents at $10.97. The national average basis for hard red winter (HRW) wheat was 1 cent stronger at 68 cents under the May futures contract, and the DTN National Hard Red Winter Wheat Index was up 29 cents at $5.98. The national average basis for hard red spring (HRS) wheat was steady at 34 cents under the MIAX Minneapolis May futures contract, while the DTN National Hard Red Spring Wheat Index was up 9 cents at $6.41.

	DTN Cash	Change From	National	Contract	Change from
Commodity	Index	Prev Day	Avg. Basis	Month	Prev Day
Corn:	$4.21	$0.02	-$0.35	May	$0.005
Soybeans:	$10.97	-$0.04	-$0.63	May	$0.006
SRW Wheat:	$5.58	$0.11	-$0.53	May	-$0.005
HRW Wheat:	$5.98	$0.29	-$0.68	May	$0.004
HRS Wheat:	$6.41	$0.09	-$0.34	May	$0.001

CORN:

The national average corn basis for Thursday was 35 cents under the May futures, unchanged from Wednesday's basis.

SOYBEAN:

The national average soybean basis for Thursday was 63 cents under the May futures, unchanged from Wednesday's basis.

SOFT RED WINTER WHEAT:

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

HARD RED WINTER WHEAT:

The national average HRW wheat basis for Thursday was 68 cents under the Kansas City May futures, 1 cent stronger than Wednesday's basis.

HARD RED SPRING WHEAT:

The national average HRS wheat basis for Thursday was 34 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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