USDA LA and TX Export Bids 03/18 10:55

USDA LA and TX Export Bids                         03/18 10:55

JO_GR112
Portland, OR    Mon  Mar 18, 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 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
Mar=    5.4325-5.4825                +87K  to +92K
Apr=    5.4125-5.4225                +85K  to +86K
May=    5.3925-5.4225                +83K  to +86K
Jun=    5.2825-5.3125                +65N  to +68N
Jul=    5.2825-5.3125                +65N  to +68N
Aug=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Mar=    4.1775-4.2575                +47K  to +55K
Apr=    4.1675-4.2375                +46K  to +53K
May=    4.1675-4.2375                +46K  to +53K
Jun=    4.2500                       +45N
Jul=    4.2500                       +45N
Aug=    4.2975                       +43U
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Mar=    9.2325-9.5125                +21K  to +49K
Apr=    9.2125-9.4525                +19K  to +43K
May     9.2525-9.4525                +23K  to +43K
Jun=    9.3475-9.5475                +19N  to +39N
Jul=    9.3875-9.5475                +23N  to +39N
Aug=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Mar=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Mar=    5.4800-5.6600               +112K  to +130K
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Mar=    7.6925                       +60K
NC=     7.2175                       +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 for Feb 2019
                          Louisiana Texas
US 2 SRW Wheat            5.90      NA
US 1 HRW Wheat            NA        5.95
US 2 Yellow Corn          4.31      NA
US 1 Yellow Soybeans      9.42      NA
US 2 Yellow Sorghum       NA        7.73

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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