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USDA-JO: Louisiana and Texas Gulf Export Port Bids

Portland, OR - Fri May 19, 2017 - 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 indicated as higher for hard red winter wheat and higher for yellow
sorghum.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                            Basis
May=    4.7325-4.7425                 +42N  to +43N
Jun=    4.7325-4.7625                 +42N  to +45N
Jul=    4.7325                        +42N
Aug=    4.8000-4.8700                 +35U  to +42U
Sep=    4.8700-4.9000                 +42U  to +45U
Oct=    5.1600-5.2400                 +50Z  to +58Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                            Basis
May=    4.0275-4.0675                 +31N  to +35N
Jun=    4.0275-4.0475                 +31N  to +33N
Jul=    4.0275-4.0375                 +31N  to +32N
Aug=    4.0225-4.0725                 +23U  to +28U
Sep=    4.0625-4.0825                 +27U  to +29U
Oct=    4.2050-4.2450                 +31Z  to +35Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                            Basis
May=    9.8575-9.9175                 +33N  to +39N
Jun=    9.8475-9.9175                 +32N  to +39N
Jul=    9.8775-9.9275                 +35N  to +40N
Aug=    9.9225-9.9425                 +38Q  to +40Q
Sep=    9.9375-9.9775                 +42X  to +46X
Oct=    9.9375-9.9875                 +42X  to +47X
_
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=    4.6525-5.1025                 +30N  to +75N
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                            Basis
May=    7.2625-7.4425                 +35N  to +45N
Jul NC= 6.9550                         +0Z
_
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 2017
                          Louisiana  Texas
US 2 SRW Wheat            4.69       NA
US 1 HRW Wheat            NA         4.52
US 2 Yellow Corn          3.97       NA
US 1 Yellow Soybeans      9.73       NA
US 2 Yellow Sorghum       NA         6.79

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

8:51    nd

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