Minneapolis Basis Report
USDA - Fri Apr 17, 1:13PM CDT
JO_GR112
Portland, OR    Fri  Apr 17, 2020    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, dollar per bushel, except sorghum per cwt.
Bids as of 2:00 Central time; Subject to change.
_
Louisiana Midday bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                Change              Basis          Change
Apr=   5.9350            up 3.75-dn 1.25      +60K          unch-dn 5
May=   5.9350-5.9850     up 3.75              +60K to +65K  unch
Jun=   5.8875-5.9375     up 3.25-dn 6.75      +55N to +60N  unch-dn 10
Jul=   5.8875-5.9375     up 3.25-dn 6.75      +55N to +60N  unch-dn 10
Aug=   5.9375-5.9875     up 3-dn 7            +55U to +60U  unch-dn 10
Sep=   5.9375-5.9875     up 3-dn 7            +55U to +60U  unch-dn 10
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Louisiana Midday bids and basis for US 2 Yellow Corn
Cash Bids                Change              Basis          Change
Apr=   3.7025-3.7725     dn 0.5-up 2.5        +48K to +55K  dn 3-unch
May=   3.7025-3.7725     up 1.5-up 2.5        +48K to +55K  dn 1-unch
Jun=   3.7225-3.8225     up 1-up 3            +43N to +53N  dn 2-unch
Jul=   3.7225-3.8225     up 2-up 3            +43N to +53N  dn 1-unch
Aug=   3.7575-3.7875     up 1.75-up 2.75      +42U to +45U  dn 1-unch
Sep=   NA                                       NA
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Louisiana Midday bids and basis for US 1 Yellow Soybeans
Cash Bids                Change              Basis          Change
Apr=   8.8250-8.9050     dn 4.25-dn 5.25      +50K to +58K  unch-dn 1
May=   8.8250-8.9250     dn 4.25              +50K to +60K  unch
Jun=   8.9225-8.9925     dn 3.5               +50N to +57N  unch
Jul=   8.9225-9.0125     dn 3.5-dn 4.5        +50N to +59N  unch-dn 1
Aug=   8.9750-9.0150     dn 3.75-dn 6.75      +53Q to +57Q  unch-dn 3
Sep=   9.0150-9.0350     dn 5.25-dn 6.25      +55U to +57U  dn 2-3
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Louisiana Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                Change              Basis          Change
Apr=   NA                                       NA
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Texas Midday bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                Change              Basis          Change
Apr=   5.8875-5.9875     up 8.75             +110K to +120K unch
May NC=5.7025-5.9525     up 8.5               +85N to +110N unch
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Texas Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                Change              Basis          Change
Apr=   7.3625-7.7175     up 4.5-up 4.25       +90K to +110K unch
NC=    6.8475-7.1150     up 4.5-up 4.25       +40Z to +55Z  unch
_
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 fo            Mar 2020
                         Louisiana           Texas
US 2 SRW Wheat           6.22                NA
US 1 HRW Wheat           NA                  5.69
US 2 Yellow Corn         4.12                NA
US 1 Yellow Soybeans     9.24                NA
US 2 Yellow Sorghum      NA                  7.45

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

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