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USDA-JO: Louisiana and Texas Gulf Export Port Bids

Portland, OR - Fri Oct 12, 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 mixed,
soybeans were higher and yellow sorghum was not available. Texas cash bids
were 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
Oct=    5.7225-5.7325                +55Z  to +56Z
Nov=    5.7725-5.8225                +60Z  to +65Z
Dec=    5.8225-5.8725                +65Z  to +70Z
Jan=    5.9275-5.9775                +55H  to +60H
Feb=    5.9275-5.9775                +55H  to +60H
Mar=    5.9275-5.9775                +55H  to +60H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Oct=    4.1075-4.1375                +38Z  to +41Z
Nov=    4.1575-4.1775                +43Z  to +45Z
Dec=    4.2375-4.2575                +53Z  to +51Z
Jan=    4.2925-4.3225                +45H  to +48H
Feb=    4.2925-4.3225                +45H  to +48H
Mar=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Oct=    8.6700-8.8200                 +0X  to +15X
Nov=    8.8200-8.8500                +15X  to +18X
Dec=    8.9625-8.9825                +15F  to +17F
Jan=    9.0125                       +20F
Feb=    9.0575-9.0875                +12H  to +15H
Mar=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Oct=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Oct=    5.8325-6.0325                +60Z  to +80Z
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Oct=    7.2800                       +35Z
_
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 Sep 2018
                          Louisiana Texas
US 2 SRW Wheat            5.50      NA
US 1 HRW Wheat            NA        5.79
US 2 Yellow Corn          3.93      NA
US 1 Yellow Soybeans      8.38      NA
US 2 Yellow Sorghum       NA        7.42

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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