JO_GR112
Portland, OR    Fri  May 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 higher, yellow corn higher,
soybeans were higher and yellow sorghum was not available. Texas cash bids
were not available for hard red winter wheat or yellow sorghum.


Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
May=    5.5825-5.9325                +75N  to +110N
Jun=    5.4825-5.6325                +65N  to +80N
Jul=    5.4825-5.6325                +65N  to +80N
Aug=    5.5600-5.6100                +65U  to +70U
Sep=    5.5600-5.6100                +65U  to +70U
Oct=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
May=    4.4875-4.6375                +50N  to +65N
Jun=    4.3875-4.4875                +40N  to +50N
Jul=    4.3875-4.4375                +40N  to +45N
Aug=    4.3675-4.5275                +29U  to +45U
Sep=    NA                             NA
Oct=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
May=    8.6350-8.8350                +35N  to +55N
Jun=    8.5850-8.6850                +30N  to +40N
Jul=    8.5850-8.6550                +30N  to +37N
Aug=    8.6525-8.6825                +30Q  to +33Q
Sep=    NA                             NA
Oct=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
May=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
May=    NA                             NA
NC=     5.3125-5.3625                +95N  to +100N
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
May=    NA                             NA
NC=     7.6125-7.7000                +10Z  to +15Z
_
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 Apr 2019
                          Louisiana Texas
US 2 SRW Wheat            5.37      NA
US 1 HRW Wheat            NA        5.43
US 2 Yellow Corn          4.10      NA
US 1 Yellow Soybeans      9.10      NA
US 2 Yellow Sorghum       NA        7.51

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

8:41    nd