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USDA-JO: Louisiana and Texas Gulf Export Port Bids

Portland, OR - Wed May 16, 2018 - 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 lower,
soybeans were lower and yellow sorghum was not available. Texas cash bids
were not available for both hard red winter wheat and yellow sorghum.


Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
May=    5.4650-5.5350                +50N  to +57N
Jun=    5.4650-5.5350                +50N  to +57N
Jul=    5.4650-5.5350                +50N  to +57N
Aug=    5.5775-5.6775                +45U  to +55U
Sep=    5.5775                       +45U
Oct=    5.8900                       +55Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
May=    4.5400-4.5500                +53N  to +54N
Jun=    4.5200-4.5500                +51N  to +54N
Jul=    4.5200-4.5600                +51N  to +55N
Aug=    4.5750-4.5950                +48U  to +50U
Sep=    4.5950-4.6050                +50U  to +51U
Oct=    4.6825                       +50Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
May=    10.5275-10.5775              +50N  to +55N
Jun=    10.5175-10.5275              +49N  to +50N
Jul=    10.5175-10.5375              +49N  to +51N
Aug=    10.6050-10.6150              +54Q  to +55Q
Sep=    10.5925-10.6125              +47X  to +49X
Oct=    10.6125-10.6225              +49X  to +50X
_
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
May=    NA                             NA
NC=     5.7450-6.0450                +60N  to +90N
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
May=    NA                             NA
NC=     6.7550-7.3800                -40Z  to -5Z
_
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 2018
                          Louisiana Texas
US 2 SRW Wheat            5.41      NA
US 1 HRW Wheat            NA        5.81
US 2 Yellow Corn          4.46      NA
US 1 Yellow Soybeans      10.96     NA
US 2 Yellow Sorghum       NA        8.10

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

8:46    nd

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