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USDA - AMS: Louisiana and Texas Gulf Export Port Bids (2019-06-03)

USDA U.S. Department of Agriculture - June 3, 2019


JO_GR112
Portland, OR    Mon  Jun 03, 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
for hard red winter wheat had no recent price comparison and yellow sorghum
were not available.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Jun=    5.8275-5.9075                +67N  to +75N
Jul=    5.8275-5.9075                +67N  to +75N
Aug=    5.8700-5.9200                +65U  to +70U
Sep=    5.8700-5.9200                +65U  to +70U
Oct=    NA                             NA
Nov=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jun=    4.7275-4.8375                +45N  to +56N
Jul=    4.7075-4.7275                +43N  to +45N
Aug=    4.6775-4.8175                +31U  to +45U
Sep=    4.7475-4.7675                +38U  to +40U
Oct=    4.7950-4.9150                +35Z  to +47Z
Nov=    4.8850-4.9150                +44Z  to +47Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jun=    9.2500-9.3200                +42N  to +49N
Jul=    9.2100-9.2400                +38N  to +41N
Aug=    9.2200-9.2500                +33Q  to +36Q
Sep=    9.2850                       +19X
Oct=    9.3050-9.3150                +21X  to +22X
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=    5.8450-5.8950                +95N  to +100N
NC=     NA                             NA
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jun=    NA                             NA
NC=     8.1150-8.2050                +10Z  to +15Z
_
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 2019
                          Louisiana Texas
US 2 SRW Wheat            5.47      NA
US 1 HRW Wheat            NA        NA
US 2 Yellow Corn          4.36      NA
US 1 Yellow Soybeans      8.77      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

8:43    nd

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