JO_GR112
Portland, OR    Thu  Jan 24, 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 higher and yellow sorghum was not available. Texas cash bids
were lower for hard red winter wheat and lower for yellow sorghum.


Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Jan=    6.0575-6.0875                +82H  to +85H
Feb=    6.0575-6.0875                +82H  to +85H
Mar=    6.0775-6.0875                +84H  to +85H
Apr=    6.0025-6.0525                +70K  to +75K
May=    6.0025-6.0525                +70K  to +75K
Jun=    5.8575                       +50N
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jan=    4.1875-4.2575                +41H  to +48H
Feb=    4.2475-4.3075                +47H  to +53H
Mar=    4.2475-4.3275                +47H  to +55H
Apr=    4.3200-4.3300                +46K  to +47K
May=    4.3200-4.3300                +46K  to +47K
Jun=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jan=    9.3800-9.4000                +20H  to +22H
Feb=    9.3600-9.4100                +18H  to +23H
Mar=    9.3700-9.4200                +19H  to +24H
Apr=    9.4225-9.4725                +11K  to +16K
May     9.4225-9.4725                +11K  to +16K
Jun=    9.5525-9.6225                +11N  to +18N
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jan=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Jan=    5.7400-5.8900                +60H  to +75H
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jan=    7.2800-7.4600                +30H  to +40H
_
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 Dec 2018
                          Louisiana Texas
US 2 SRW Wheat            5.93      NA
US 1 HRW Wheat            NA        5.74
US 2 Yellow Corn          4.25      NA
US 1 Yellow Soybeans      9.20      NA
US 2 Yellow Sorghum       NA        7.43

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

8:45    nd