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USDA-JO: Louisiana and Texas Gulf Export Port Bids

Portland, OR - Thu Jun 14, 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 lower, 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
Jun=    5.6125-5.6525                +58N  to +62N
Jul=    5.6225-5.6325                +59N  to +60N
Aug=    5.6725-5.7425                +48U  to +55U
Sep=    5.6925-5.7425                +50U  to +55U
Oct=    5.9700-6.0200                +55Z  to +60Z
Nov=    5.9700-6.0200                +55Z  to +60Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jun=    4.1625-4.2025                +50N  to +54N
Jul=    4.2025-4.2125                +54N  to +55N
Aug=    4.2500-4.2600                +49U  to +50U
Sep=    4.2600-4.3000                +50U  to +54U
Oct=    4.3625-4.3725                +49Z  to +50Z
Nov=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jun=    9.7850-9.8450                +50N  to +56N
Jul=    9.8150-9.8450                +53N  to +56N
Aug=    9.8450-9.8950                +50Q  to +55Q
Sep=    9.9625-10.0025               +45X  to +49X
Oct=    10.0425-10.0825              +53X  to +57X
Nov=    NA                             NA
_
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
NC=     6.2000                       +95N
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jun=    NA                             NA
NC=     7.5400-7.6300                +35Z  to +40Z
_
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 2018
                          Louisiana Texas
US 2 SRW Wheat            5.71      NA
US 1 HRW Wheat            NA        NA
US 2 Yellow Corn          4.55      NA
US 1 Yellow Soybeans      10.75     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

8:47    nd

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