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Gulf Port Grain

JO_GR112
Portland, OR    Wed  Mar 01, 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, 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 higher
soybeans were higher and yellow sorghum was not available. Texas cash bids
were indicated as higher for hard red winter wheat and higher for yellow
sorghum.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                            Basis
Mar=    4.8500-4.8700                 +55H  to +57H
Apr=    4.9350-4.9550                 +43K  to +45K
May=    4.9350-4.9550                 +43K  to +45K
Jun=    4.9925-5.0425                 +35N  to +40N
Jul=    4.9925-5.0425                 +35N  to +40N
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                            Basis
Mar=    4.1650-4.1750                 +44H  to +45H
Apr=    4.1600-4.1700                 +37K  to +38K
May=    4.1600-4.1700                 +37K  to +38K
Jun=    4.1900-4.2000                 +33N  to +34N
Jul=    4.1900-4.2000                 +33N  to +34N
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                            Basis
Mar=    10.5900-10.7000               +29H  to +40H
Apr=    10.6100-10.6500               +20K  to +24K
May=    10.6100-10.7300               +20K  to +32K
Jun=    10.7475-10.7775               +25N  to +28N
Jul=    10.7475-10.8475               +25N  to +35N
_
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=    4.2650-4.3650                 -30H  to -20H
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                            Basis
Mar=    7.0100-7.3125                 +20H  to +37H
_
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 2017
                          Louisiana  Texas
US 2 SRW Wheat            4.93       NA
US 1 HRW Wheat            NA         4.23
US 2 Yellow Corn          4.14       NA
US 1 Yellow Soybeans      10.70      NA
US 2 Yellow Sorghum       NA         7.12

Source: USDA Market News Service, Portland, OR
        Niki Davila 503-326-2237  Portland.LPGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/jo_gr112.txt
        www.ams.usda.gov/lpsmarketnewspage

8:50    nd