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USDA - AMS: Louisiana and Texas Gulf Export Port Bids (2019-03-15)

USDA U.S. Department of Agriculture - March 15, 2019


JO_GR112
Portland, OR    Fri  Mar 15, 2019    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 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
Mar=    5.4825-5.5425                +87K  to +93K
Apr=    5.4625-5.4825                +85K  to +87K
May=    5.4425-5.4825                +83K  to +87K
Jun=    5.3225-5.3925                +65N  to +72N
Jul=    5.3225-5.3925                +65N  to +72N
Aug=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Mar=    4.2000-4.2900                +47K  to +56K
Apr=    4.1900-4.2700                +46K  to +54K
May=    4.1900-4.2700                +46K  to +54K
Jun=    4.2725-4.2825                +45N  to +46N
Jul=    4.2725-4.2825                +45N  to +46N
Aug=    4.3050-4.3150                +42U  to +43U
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Mar=    9.4225-9.6525                +21K  to +44K
Apr=    9.4025-9.6025                +19K  to +39K
May     9.4425-9.6025                +23K  to +39K
Jun=    9.4625-9.6525                +19N  to +38N
Jul=    9.5025-9.6525                +23N  to +38N
Aug=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Mar=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Mar=    5.5550-5.7350               +112K  to +130K
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Mar=    7.7325                       +60K
NC=     7.2400                       +10Z
_
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 Feb 2019
                          Louisiana Texas
US 2 SRW Wheat            5.90      NA
US 1 HRW Wheat            NA        5.95
US 2 Yellow Corn          4.31      NA
US 1 Yellow Soybeans      9.42      NA
US 2 Yellow Sorghum       NA        7.73

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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