JO_GR112
Portland, OR    Fri  Feb 15, 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 mixed,
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
Feb=    5.8775-5.8975                +88H  to +90H
Mar=    5.8975-5.9075                +90H  to +91H
Apr=    5.7825-5.8825                +75K  to +85K
May=    5.7825-5.8825                +75K  to +85K
Jun=    5.6025                       +55N
Jul=    5.6025                       +55N
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Feb=    4.2125-4.4025                +47H  to +66H
Mar=    4.2125-4.3725                +47H  to +63H
Apr=    4.2825-4.3325                +46K  to +51K
May=    4.2825-4.3325                +46K  to +51K
Jun=    NA                             NA
Jul=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Feb=    9.2800-9.4600                +22H  to +40H
Mar=    9.2600-9.4400                +20H  to +38H
Apr=    9.3600-9.4700                +16K  to +27K
May     9.3600-9.4700                +16K  to +27K
Jun=    9.5250-9.6050                +19N  to +27N
Jul=    9.5650-9.6050                +23N  to +27N
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Feb=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Feb=    5.9225-6.0225               +120H  to +130H
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Feb=    7.7550-7.8425                +60H  to +65H
_
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 Jan 2019
                          Louisiana Texas
US 2 SRW Wheat            5.99      NA
US 1 HRW Wheat            NA        5.71
US 2 Yellow Corn          4.24      NA
US 1 Yellow Soybeans      9.36      NA
US 2 Yellow Sorghum       NA        7.39

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

8:46    nd