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Gulf Port Grain

JO_GR112
Portland, OR    Fri  May 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, 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=   4.7725-4.7825     up 9.5               +42N to +43N  unch
Jun=   4.7725-4.8025     up 9.5-up 11.5       +42N to +45N  unch-up 2
Jul=   4.7725            up 9.5               +42N          unch
Aug=   4.8350-4.9050     up 7.75-up 8.75      +35U to +42U  dn 1-unch
Sep=   4.9050-4.9350     up 8.75              +42U to +45U  unch
Oct=   5.1975-5.2775     up 8.25-up 11.25     +50Z to +58Z  unch-up 3
_
Louisiana Midday bids and basis for US 2 Yellow Corn
Cash Bids                Change              Basis          Change
May=   4.0350-4.0750     up 6.5-up 7.5        +31N to +35N  unch-up 1
Jun=   4.0350-4.0550     up 6.5-up 5.5        +31N to +33N  unch-dn 1
Jul=   4.0350-4.0450     up 6.5               +31N to +32N  unch
Aug=   4.0275-4.0775     up 6                 +23U to +28U  unch
Sep=   4.0675-4.0875     up 6                 +27U to +29U  unch
Oct=   4.2125-4.2525     up 6.25              +31Z to +35Z  unch
_
Louisiana Midday bids and basis for US 1 Yellow Soybeans
Cash Bids                Change              Basis          Change
May=   9.8600-9.9200     up 7.25-up 8.25      +33N to +39N  dn 1-unch
Jun=   9.8500-9.9200     up 6.25-up 8.25      +32N to +39N  dn 2-unch
Jul=   9.8800-9.9300     up 7.25-up 6.25      +35N to +40N  dn 1-2
Aug=   9.9225-9.9425     up 7.5-up 5.5        +38Q to +40Q  unch-dn 2
Sep=   9.9375-9.9775     up 5-up 7            +42X to +46X  dn 2-unch
Oct=   9.9375-9.9875     up 4-up 7            +42X to +47X  dn 3-unch
_
Louisiana Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                Change              Basis          Change
May=   NA                                       NA
_
Texas Midday bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                Change              Basis          Change
May=   4.6800-5.1300     up 12                +30N to +75N  unch
_
Texas Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                Change              Basis          Change
May=   7.2775-7.4550     up 11.75-up 11.5     +35N to +45N  unch
Jul NC=6.9675            up 11                 +0Z          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 2017
                         Louisiana           Texas
US 2 SRW Wheat           4.69                NA
US 1 HRW Wheat           NA                  4.52
US 2 Yellow Corn         3.97                NA
US 1 Yellow Soybeans     9.73                NA
US 2 Yellow Sorghum      NA                  6.79

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

11:53  nd