JO_GR112
Portland, OR    Tue  Dec 10, 2019    USDA Market News

Louisiana and Texas Export Bids

Gulf Export bids and basis for grain delivered to Gulf export elevators,
CIF barge to Louisiana Gulf (Mississippi River) and rail-truck Texas Gulf,
delivery periods as specified, dollars per bushel, except sorghum per cwt.
Bids as of 11:30 Central time; Subject to change.

   In early trading bids were not fully established but were indicated as
follows for Louisiana:  soft red winter wheat lower, yellow corn steady to
higher, soybeans were higher and yellow sorghum was not available. Texas
cash bids for hard red winter wheat trended steady and bids for yellow
sorghum trended higher.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Dec=    6.2975-6.3475               +100Z  to +105Z
Jan=    6.2225-6.3225               +100H  to +110H
Feb=    6.2225-6.3225               +100H  to +110H
Mar=    6.2225-6.2725               +100H  to +105H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Dec=    4.1675-4.2075                +41H  to +45H
Jan=    4.1975-4.2975                +44H  to +54H
Feb=    4.2275-4.3375                +47H  to +58H
Mar=    4.3275-4.3375                +57H  to +58H
Apr=    4.3650                       +55K
May=    4.3650                       +55K
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Dec=    9.5425                       +54F
Jan=    9.5525            9.5525     +55F
Feb=    9.5675-9.5975                +42H  to +45H
Mar=    9.5975-9.6175                +45H  to +47H
Apr=    9.6625-9.6825                +38K  to +40K
May=    9.6825                       +40K
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Dec=    5.3650-5.4150               +125Z  to +130Z
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Dec=    7.0800-7.4375                +30Z  to +50Z
_
Chicago and Kansas City Board of Trades month symbols: F January, G February,
H March, J April, K May, M June, N July, Q August, U September, V October,
X November, Z December

NC = New Crop

Monthly Average Prices for Nov 2019
                          Louisiana Texas
US 2 SRW Wheat            6.08      NA
US 1 HRW Wheat            NA        5.53
US 2 Yellow Corn          4.23      NA
US 1 Yellow Soybeans      9.55      NA
US 2 Yellow Sorghum       NA        7.34

Source: USDA Market News Service, Portland, OR
        Niki Davila 503-535-5001  Portland.LPGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/jo_gr112.txt
        www.ams.usda.gov/lpsmarketnewspage

8:51    nd