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 JO_GR112  ****This report will not be published Monday, May 25th due to the holiday *****
Portland, OR    Fri  May 22, 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
May=   5.5775-5.7075     dn 18.25-dn 7.25     +49N to +62N  dn 11-unch
Jun=   5.5475-5.6775     dn 18.25-dn 7.25     +46N to +59N  dn 11-unch
Jul=   5.5475-5.6375     dn 16.25-dn 7.25     +46N to +55N  dn 9-unch
Aug=   5.5275-5.6775     dn 21-dn 6           +40U to +55U  dn 15-unch
Sep=   5.5575-5.6775     dn 18-dn 6           +43U to +55U  dn 12-unch
Oct=   NA                                       NA
_
Louisiana Midday bids and basis for US 2 Yellow Corn
Cash Bids                Change              Basis          Change
May=   3.6600-3.6900     up 0.25              +48N to +51N  unch
Jun=   3.6500-3.6700     up 0.25              +47N to +49N  unch
Jul=   3.6500-3.6600     up 0.25              +47N to +48N  unch
Aug=   3.6475-3.6775     dn 0.25              +42U to +45U  unch
Sep=   3.6675-3.6775     dn 0.25              +44U to +45U  unch
Oct=   3.7975-3.8175     dn 0.25              +47Z to +49Z  unch
_
Louisiana Midday bids and basis for US 1 Yellow Soybeans
Cash Bids                Change              Basis          Change
May=   8.8225-8.8725     dn 1.75              +49N to +54N  unch
Jun=   8.8725-8.8925     dn 1.75              +54N to +56N  unch
Jul=   8.9125-8.9325     dn 1.75              +58N to +60N  unch
Aug=   8.9650            dn 2                 +60Q          unch
Sep=   NA                                       NA
Oct NC=9.0150-9.0350     dn 1                 +57X to +59X  unch
_
Louisiana Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                Change              Basis          Change
_
Texas Midday bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                Change              Basis          Change
May=   5.3950-5.5950     dn 10                +95N to +115N unch
_
Texas Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                Change              Basis          Change
May=   7.9100-8.1775     up 0.25             +125N to +140N unch
NC=    7.1925-7.3700     dn 0.5               +70Z to +80Z  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            Apr 2020
                         Louisiana           Texas
US 2 SRW Wheat           6.03                NA
US 1 HRW Wheat           NA                  5.96
US 2 Yellow Corn         3.73                NA
US 1 Yellow Soybeans     8.98                NA
US 2 Yellow Sorghum      NA                  7.56

Source:USDA Market News Service, Portland, OR
       Brian Personius 503-535-5001  Portland.LPGMN@ams.usda.gov
       www.ams.usda.gov/mnreports/jo_gr112.txt
       www.ams.usda.gov/lpsmarketnewspage

13:44  bp 
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