UP secondary freight for returns is bid -$400 under against no offers, June is not bid or offered, and July is bid -$450 under tariff against offers of -$325 under. BN secondary shuttle freight for returns is not bid against offers of -$350 under, July is bid -$350 under against offers of -$250 under and August is bid -$400 under against offers of -$225 under. Processor bids are mixed with Cedar Rapids, Iowa, 5 cents weaker at +85U Fort Dodge, Iowa, is steady at +75U Council Bluffs, Iowa, is steady at +60U Mitchell, South Dakota, is steady at +25U Blair, Nebraska, is steady at +65U Hastings, Nebraska, is 10 cents stronger at +30U Lincoln, Nebraska, is steady at +40U Garden City, Kansas, is steady at +90U Columbus is steady at +80U, and Marshall, Minnesota, is steady at +15U. CIF NOLA for July is steady at +42N and track St. PNW basis bids for Oct/Nov/Dec are steady at +120Z, while Hereford, Texas, is steady for Oct/Nov/Dec at +120Z. The national average corn basis for Tuesday was 43 cents over the September futures, 2 cents weaker than Monday's basis. The national average basis for hard red spring (HRS) wheat was 1 cent weaker at 43 cents under the September futures contract, while the DTN National Hard Red Spring Wheat Index was down 28 cents at $7.75. The national average basis for hard red winter (HRW) wheat was 2 cents weaker at 49 cents under the September futures contract, and the DTN National Hard Red Winter Wheat Index was down 35 cents at $7.57.
The national average basis for soybeans was 4 cents weaker at 7 cents over the August futures contract, while the DTN National Soybean Index was down 38 cents at $13.68. The national average basis for corn was 2 cents weaker at 43 cents over the September futures contract, while the DTN National Corn Index was down 28 cents at $5.74.
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