USDA - Wed Jul 11, 10:48AM CDT
JO_GR112
Portland, OR    Wed  Jul 11, 2018    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 lower, yellow corn lower,
soybeans were lower and yellow sorghum was not available. Texas cash bids
were lower 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
Jul=    5.3050-5.3750                +50U  to +57U
Aug=    5.3550-5.3850                +55U  to +58U
Sep=    5.4050                       +60U
Oct=    5.5850                       +60Z
Nov=    5.5850                       +60Z
Dec=    5.5850                       +60Z
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jul=    3.8200-3.8700                +40U  to +45U
Aug=    3.8700-3.9200                +45U  to +50U
Sep=    3.9600-3.9700                +54U  to +55U
Oct=    4.0500-4.1000                +50Z  to +55Z
Nov=    4.0700-4.1000                +52Z  to +55Z
Dec=    4.0900-4.1000                +54Z  to +55Z
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jul=    8.9250-8.9350                +54Q  to +55Q
Aug=    8.9350-8.9450                +55Q  to +56Q
Sep=    8.9225-8.9825                +39X  to +45X
Oct=    8.9825-9.0425                +45X  to +51X
Nov=    9.0425-9.0725                +51X  to +54X
Dec     9.1425-9.1725                +51F  to +54F
_
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
Jul=    5.6500                       +85U
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jul=    6.5175                       +10Z
_
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 forJune 2018
                          Louisiana Texas
US 2 SRW Wheat            5.61      NA
US 1 HRW Wheat            NA        5.82
US 2 Yellow Corn          4.19      NA
US 1 Yellow Soybeans      9.79      NA
US 2 Yellow Sorghum       NA        7.35

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

8:45    nd