JO_GR112
Portland, OR    Mon  Jun 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 mixed, yellow corn higher,
soybeans were higher and yellow sorghum was not available. Texas cash bids
for hard red winter wheat and yellow sorghum were not available.


Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Jun=    6.0450-6.1950                +70N  to +85N
Jul=    6.0450-6.2450                +70N  to +90N
Aug=    6.0325-6.0825                +65U  to +70U
Sep=    6.0325-6.0825                +65U  to +70U
Oct=    6.1300                       +65Z
Nov=    6.1300                       +65Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jun=    5.0525-5.0925                +60N  to +64N
Jul=    4.9125-4.9625                +46N  to +51N
Aug=    4.8600-4.9400                +35U  to +43U
Sep=    4.9500-4.9700                +44U  to +46U
Oct=    5.0125-5.0725                +44Z  to +50Z
Nov=    5.0325-5.0725                +46Z  to +50Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jun=    9.6325-9.7025                +55N  to +62N
Jul=    9.5725-9.5825                +49N  to +50N
Aug=    9.5275-9.5575                +39Q  to +42Q
Sep=    9.5375-9.5675                +22X  to +25X
Oct=    9.5675-9.6275                +25X  to +31X
Nov=    9.6275-9.7075                +31X  to +39X
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jun=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Jun=    NA                             NA
Jul=    5.6175                      +100N
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jun=    NA                             NA
Jul=    7.2725-7.8075                -50Z  to -20Z
_
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 May 2019
                          Louisiana Texas
US 2 SRW Wheat            5.47      NA
US 1 HRW Wheat            NA        NA
US 2 Yellow Corn          4.36      NA
US 1 Yellow Soybeans      8.77      NA
US 2 Yellow Sorghum       NA        NA

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

8:44    nd