JO_GR112
Portland, OR    Fri  Aug 23, 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 lower and bids for yellow sorghum
trended lower.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Aug=    5.2850-5.3350                +60U  to +65U
Sep=    5.4350                       +75U
Oct=    5.4700                       +75Z
Nov=    5.4700                       +75Z
Dec=    5.4700                       +75Z
Jan=    5.4450-5.4650                +68H  to +70H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Aug=    3.8975-4.0175                +30U  to +42U
Sep=    3.9575-4.0975                +36U  to +50U
Oct=    4.0025-4.1325                +33Z  to +46Z
Nov=    4.0925-4.1725                +42Z  to +50Z
Dec=    4.1825-4.1925                +51Z  to +52Z
Jan=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Aug=    8.9125-9.0625                +33X  to +48X
Sep=    8.8625-8.9325                +28X  to +35X
Oct=    8.8625-8.8925                +28X  to +31X
Nov=    8.9325-8.9825                +35X  to +40X
Dec=    9.0575-9.1175                +33F  to +39F
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=    4.7600-4.9400                +85U  to +103U
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Aug=    6.4675-7.0050                 -5Z  to +25Z
_
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 forJuly 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

8:46    nd