Gulf Port Grain

JO_GR112
Portland, OR    Wed  Aug 15, 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
Aug=    5.7875-5.8375                +50U  to +55U
Sep=    5.8875-5.9375                +60U  to +65U
Oct=    6.0950-6.1450                +60Z  to +65Z
Nov=    6.0950-6.1450                +60Z  to +65Z
Dec=    6.0950-6.1450                +60Z  to +65Z
Jan=    6.2625-6.3625                +55H  to +65H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Aug=    4.1500-4.1600                +55U  to +56U
Sep=    4.1600-4.2000                +56U  to +60U
Oct=    4.2325-4.3425                +49Z  to +60Z
Nov=    4.3025-4.3425                +56Z  to +60Z
Dec=    4.3325-4.3425                +59Z  to +60Z
Jan=    4.3575-4.4175                +50H  to +56H
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Aug=    9.0850-9.1050                +28X  to +30X
Sep=    9.0250-9.1050                +22X  to +30X
Oct=    9.0650-9.2150                +26X  to +41X
Nov=    9.1650-9.2150                +36X  to +41X
Dec     9.2850-9.3250                +37F  to +41F
Jan     9.3350-9.4150                +42F  to +50F
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Aug=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Aug=    6.2100                       +85U
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Aug=    7.7550                       +60Z
_
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 2018
                          Louisiana Texas
US 2 SRW Wheat            5.63      NA
US 1 HRW Wheat            NA        5.84
US 2 Yellow Corn          3.97      NA
US 1 Yellow Soybeans      9.04      NA
US 2 Yellow Sorghum       NA        6.69

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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