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 JO_GR112
Portland, OR    Mon  Jun 19, 2017    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 higher and yellow sorghum was not avaiable. Texas cash bids
were indicated as higher for hard red winter wheat and lower for yellow
sorghum.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                   Basis
Jun=  5.1500-5.1600         +43Nto +44N
Jul=  5.1700-5.2000         +45Nto +48N
Aug=  5.2325                +35U
Sep=  5.3325-5.3825         +45Uto +50U
Oct=  5.5825                +50Z
Nov=  5.5825                +50Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                   Basis
Jun=  4.0350-4.1150         +25Nto +33N
Jul=  4.0850-4.1150         +30Nto +33N
Aug=  4.1250-4.1650         +26Uto +30U
Sep=  4.1250-4.1750         +26Uto +31U
Oct=  4.2650-4.3250         +30Zto +36Z
Nov=  4.3150-4.3250         +35Zto +36Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                   Basis
Jun=  9.7025-9.8125         +29Nto +40N
Jul=  9.7725-9.8525         +36Nto +44N
Aug=  9.8650-9.8950         +41Qto +44Q
Sep=  9.8975-9.9475         +38Xto +43X
Oct=  9.9275-9.9475         +41Xto +43X
Nov=  9.9475-9.9675         +43Xto +45X
_
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=  5.0050-5.7550         +20Nto +95N
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                   Basis
Jun=  NA                     NA
Jul NC7.6150                +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 PricMay 2017
                    LouisianTexas
US 2 SRW Wheat      4.76    NA
US 1 HRW Wheat      NA      4.90
US 2 Yellow Corn    4.03    NA
US 1 Yellow Soybeans9.94    NA
US 2 Yellow Sorghum NA      7.23

SourceUSDA 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

11:01 nd 
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