JO_GR112
Portland, OR    Tue  Nov 12, 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 higher, yellow corn higher,
soybeans were higher and yellow sorghum was 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
Nov=    6.0275-6.0775                +90Z  to +95Z
Dec=    6.0775                       +95Z
Jan=    6.0725                       +90H
Feb=    6.0725                       +90H
Mar=    6.0725                       +90H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Nov=    4.1775-4.2975                +42Z  to +54Z
Dec=    4.2675-4.3175                +51Z  to +56Z
Jan=    4.2825-4.2925                +44H  to +45H
Feb=    4.3125-4.3925                +47H  to +55H
Mar=    NA                             NA
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Nov=    9.4850-9.5650                +41X  to +49X
Dec=    9.5675-9.6775                +39F  to +50F
Jan=    9.5775-9.6975                +40F  to +52F
Feb=    9.5700-9.6200                +26H  to +31H
Mar=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
_
Texas Morning bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                           Basis
Nov=    5.5575-5.6075               +125Z  to +130Z
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Nov=    7.2450-7.4250                +30Z  to +40Z
_
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 Oct 2019
                          Louisiana Texas
US 2 SRW Wheat            5.79      NA
US 1 HRW Wheat            NA        5.43
US 2 Yellow Corn          4.25      NA
US 1 Yellow Soybeans      9.59      NA
US 2 Yellow Sorghum       NA        7.43

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

8:42    nd