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USDA - AMS: Louisiana and Texas Gulf Export Port Bids (2019-09-27)

USDA U.S. Department of Agriculture - September 27, 2019


JO_GR112
Portland, OR    Fri  Sep 27, 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 lower,
soybeans were lower and yellow sorghum was not available. Texas cash bids
for hard red winter wheat trended higher and bids for yellow sorghum
trended lower.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Sep=    5.5675-5.5875                +68Z  to +70Z
Oct=    5.6375-5.6775                +75Z  to +79Z
Nov=    5.6575-5.7075                +77Z  to +82Z
Dec=    5.6575-5.7075                +77Z  to +82Z
Jan=    5.7200-5.7500                +77H  to +80H
Feb=    5.7200-5.7500                +77H  to +80H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Sep=    3.9950-4.0350                +28Z  to +32Z
Oct=    4.0550-4.0850                +34Z  to +37Z
Nov=    4.1350-4.1550                +42Z  to +44Z
Dec=    4.2250-4.2350                +51Z  to +52Z
Jan=    4.2775-4.3275                +44H  to +49H
Feb=    4.3075-4.3275                +47H  to +49H
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Sep=    8.9875-9.0375                +15X  to +20X
Oct=    8.9875-9.0775                +15X  to +24X
Nov=    9.0875-9.2075                +25X  to +37X
Dec=    9.2325-9.3125                +25F  to +33F
Jan=    9.3025-9.3825                +32F  to +40F
Feb=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Sep=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Sep=    5.1400-5.3900               +105Z  to +130Z
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Sep=    6.5450-7.1700                 -5Z  to +30Z
_
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 Aug 2019
                          Louisiana Texas
US 2 SRW Wheat            5.36      NA
US 1 HRW Wheat            NA        4.92
US 2 Yellow Corn          4.14      NA
US 1 Yellow Soybeans      9.07      NA
US 2 Yellow Sorghum       NA        6.71

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

8:41    nd

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