JO_GR112
Portland, OR    Wed  Aug 07, 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 trended higher and bids for yellow sorghum
trended higher.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                            Basis
Aug=    5.4675-5.4975                 +60U  to +63U
Sep=    5.5675-5.6175                 +70U  to +75U
Oct=    5.5825-5.6225                 +68Z  to +72Z
Nov=    5.5825-5.6225                 +68Z  to +72Z
Dec=    5.5825-5.6225                 +68Z  to +72Z
Jan=    NA                              NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                            Basis
Aug=    4.4425-4.4825                 +38U  to +42U
Sep=    4.4625-4.5625                 +40U  to +50U
Oct=    4.4750-4.6050                 +33Z  to +46Z
Nov=    4.5450-4.6450                 +40Z  to +50Z
Dec=    4.5950-4.6050                 +45Z  to +46Z
Jan=    NA                              NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                            Basis
Aug=    8.9750-9.0050                 +30X  to +33X
Sep=    8.9450-8.9550                 +27X  to +28X
Oct=    8.9450-8.9650                 +27X  to +29X
Nov=    9.0350-9.0750                 +36X  to +40X
Dec=    9.1075-9.1475                 +30F  to +34F
Jan=    NA                              NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                            Basis
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                            Basis
Aug=    5.0450-5.2250                 +85U  to +103U
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                            Basis
Aug=    6.8650-7.0450                 -30Z  to -20Z
_
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 July 2019
                          Louisiana  Texas
US 2 SRW Wheat            5.55       NA
US 1 HRW Wheat            NA         5.34
US 2 Yellow Corn          4.81       NA
US 1 Yellow Soybeans      9.44       NA
US 2 Yellow Sorghum       NA         7.23

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

10:52   nd