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USDA - Fri Jan 17, 5:48AM CST
JO_GR112
Portland, OR    Fri  Jan 17, 2020    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 were higher, yellow corn were
higher, soybeans were higher and yellow sorghum were not available. Texas
cash bids for hard red winter wheat trended higher and bids for yellow
sorghum trended higher.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Jan=    6.6750-6.9250               +100H  to +125H
Feb=    6.6750-6.9250               +100H  to +125H
Mar=    6.6750-6.8750               +100H  to +120H
Apr=    6.7850                      +110K
May=    6.7850                      +110K
Jun=    6.4925-6.5425                +80N  to +85N
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Jan=    4.2875-4.3275                +45H  to +49H
Feb=    4.3775-4.3875                +54H  to +55H
Mar=    4.3975-4.4175                +56H  to +58H
Apr=    4.4525                       +55K
May=    4.4525                       +55K
Jun=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Jan=    9.7725-9.8025                +52H  to +55H
Feb=    9.7525-9.7825     9.7525-9.7 +50H  to +53H
Mar=    9.7725-9.7825                +52H  to +53H
Apr=    9.8625                       +48K
May=    9.8625-9.8825                +48K  to +50K
Jun=    9.9700-9.9900                +46N  to +48N
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jan=    NA                             NA
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Jan=    6.1325-6.1825               +125H  to +130H
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Jan=    7.3875-7.6200                +30H  to +43H
_
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 Dec 2020
                          Louisiana Texas
US 2 SRW Wheat            6.47      NA
US 1 HRW Wheat            NA        5.74
US 2 Yellow Corn          4.24      NA
US 1 Yellow Soybeans      9.70      NA
US 2 Yellow Sorghum       NA        7.44

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

8:46    nd

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