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USDA - AMS: Louisiana and Texas Gulf Export Port Bids (2019-06-11)

USDA U.S. Department of Agriculture - June 11, 2019


JO_GR112
Portland, OR    Tue  Jun 11, 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 lower, yellow corn lower,
soybeans were lower and yellow sorghum was not available. Texas cash bids
for hard red winter wheat were lower and yellow sorghum were lower.


Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Jun=    5.8625-5.9125                +80N  to +85N
Jul=    5.7625-5.9125                +70N  to +85N
Aug=    5.7500-5.8500                +65U  to +75U
Sep=    5.8000-5.8500                +70U  to +75U
Oct=    5.8675-5.9175                +65Z  to +70Z
Nov=    5.8675-5.9175                +65Z  to +70Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jun=    4.6950-4.7150                +58N  to +60N
Jul=    4.5750-4.5850                +46N  to +47N
Aug=    4.5475                       +35U
Sep=    4.5975-4.6375                +40U  to +44U
Oct=    4.6850-4.7850                +38Z  to +48Z
Nov=    4.7650-4.7850                +46Z  to +48Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jun=    9.1225-9.1725                +57N  to +62N
Jul=    9.0125-9.0425                +46N  to +49N
Aug=    8.9725-9.0225                +35Q  to +40Q
Sep=    9.0275-9.0575                +20X  to +23X
Oct=    9.0475-9.0875                +22X  to +26X
Nov=    9.1275-9.1675                +30X  to +34X
_
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=    5.4575-5.5575               +100N  to +110N
NC=     NA                             NA
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jun=    6.7950-7.2950                -50Z  to -3N
NC=     NA                             NA
_
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

8:44    nd

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