JO_GR112
Portland, OR    Wed  Sep 11, 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 lower,
soybeans were lower and yellow sorghum was not available. Texas cash bids
for hard red winter wheat trended lower and bids for yellow sorghum
trended lower.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Sep=    5.4650-5.5150                +70Z  to +75Z
Oct=    5.5350-5.5650                +77Z  to +80Z
Nov=    5.5350-5.5650                +77Z  to +80Z
Dec=    5.5350-5.5650                +77Z  to +80Z
Jan=    5.6000-5.7300                +77H  to +90H
Feb=    5.6000-5.7300                +77H  to +90H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Sep=    3.9200-3.9300                +33Z  to +34Z
Oct=    3.9700-4.0500                +38Z  to +46Z
Nov=    4.0200-4.0900                +43Z  to +50Z
Dec=    4.1100                       +52Z
Jan=    4.1550-4.1950                +44H  to +48H
Feb=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Sep=    8.7850-8.7950                +12X  to +13X
Oct=    8.7950                       +13X
Nov=    8.8750-8.9150                +21X  to +25X
Dec=    9.0025-9.0725                +20F  to +27F
Jan=    9.1025-9.1425                +30F  to +34F
Feb=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Sep=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Sep=    5.0350-5.2850               +105Z  to +130Z
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Sep=    6.3225-6.9475                 -5Z  to +30Z
_
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 Aug 2019
                          Louisiana Texas
US 2 SRW Wheat            5.36      NA
US 1 HRW Wheat            NA        4.92
US 2 Yellow Corn          4.14      NA
US 1 Yellow Soybeans      9.07      NA
US 2 Yellow Sorghum       NA        6.71

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

8:48    nd