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USDA-JO: Louisiana and Texas Gulf Export Port Bids

Portland, OR - Wed Sep 13, 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 steady
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
Sep=    4.7475-4.7975                +30Z  to +35Z
Oct=    4.8475-4.9475                +40Z  to +50Z
Nov=    4.9475-4.9975                +50Z  to +55Z
Dec=    4.9475                       +50Z
Jan=    5.0925                       +45H
Feb=    5.0925                       +45H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Sep=    3.7050-3.7350                +17Z  to +20Z
Oct=    3.7750-3.8150                +24Z  to +28Z
Nov=    3.8150-3.8950                +28Z  to +36Z
Dec=    3.8550-3.9250                +32Z  to +39Z
Jan=    3.9975                       +34H
Feb=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Sep=    9.9925-10.0225               +42X  to +45X
Oct=    9.9425-10.0225               +37X  to +45X
Nov=    9.9925-10.0125               +42X  to +44X
Dec=    10.0950-10.1150              +42F  to +44F
Jan=    10.1150-10.1450              +44F  to +47F
Feb=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Sep=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Sep=    4.6350-5.1850                +20Z  to +75Z
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Sep=    7.3850-7.8300                +60Z  to +85Z
_
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 Aug 2017
                          Louisiana Texas
US 2 SRW Wheat            4.70      NA
US 1 HRW Wheat            NA        4.66
US 2 Yellow Corn          3.77      NA
US 1 Yellow Soybeans      9.95      NA
US 2 Yellow Sorghum       NA        7.71

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

8:48    nd

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