JO_GR112
Portland, OR    Thu  Jul 18, 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
Jul=    5.4800-5.4900                +50U  to +51U
Aug=    5.5300-5.6800                +55U  to +70U
Sep=    5.6600-5.6800                +68U  to +70U
Oct=    5.7475-5.7775                +65Z  to +68Z
Nov=    5.7475-5.7775                +65Z  to +68Z
Dec=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jul=    4.7950-4.8150                +54U  to +56U
Aug=    4.7550-4.7850                +50U  to +53U
Sep=    4.6950-4.7850                +44U  to +53U
Oct=    4.7625-4.8125                +46Z  to +51Z
Nov=    4.7625-4.8125                +46Z  to +51Z
Dec=    4.8125-4.8425                +51Z  to +54Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jul=    9.3250-9.3450                +53Q  to +55Q
Aug=    9.3250-9.3350                +53Q  to +54Q
Sep=    9.3225-9.3625                +35X  to +39X
Oct=    9.3425-9.3625                +37X  to +39X
Nov=    9.2825-9.4325                +31X  to +46X
Dec=    9.4450-9.4950                +35F  to +40F
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Jul=    5.2100-5.3900                +85U  to +103U
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jul=    6.8800-7.3250                -45Z  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 forJune 2019
                          Louisiana Texas
US 2 SRW Wheat            6.05      NA
US 1 HRW Wheat            NA        5.61
US 2 Yellow Corn          4.96      NA
US 1 Yellow Soybeans      9.48      NA
US 2 Yellow Sorghum       NA        7.15

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