JO_GR112
Portland, OR    Thu  Aug 06, 2020    USDA Market News

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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 lower, yellow corn were
mixed, soybeans were lower and yellow sorghum were not available. Texas
cash bids for hard red winter wheat were not available and bids for yellow
sorghum were lower.

Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                           Basis
Aug=    5.5800-5.6800                +55U  to +65U
Sep=    5.6800                       +65U
Oct=    5.7475-5.8475                +65Z  to +75Z
Nov=    5.7475-5.7975                +65Z  to +70Z
Dec=    5.7475-5.7975                +65Z  to +70Z
Jan=    NA                             NA
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Aug=    3.5925                       +48U
Sep=    3.6325-3.6525                +52U  to +54U
Oct=    3.7100-3.7300                +48Z  to +50Z
Nov=    3.7300-3.7600                +50Z  to +53Z
Dec=    3.7800-3.8100                +55Z  to +58Z
Jan=    3.8900                       +54H
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Aug=    9.5225-9.5325                +72Q  to +73Q
Sep=    9.4925-9.5125                +72X  to +74X
Oct=    9.4425-9.5125                +67X  to +74X
Nov=    9.5025-9.5325                +73X  to +76X
Dec=    9.4800-9.5200                +64F  to +68F
Jan=    9.4800-9.5200                +64F  to +68F
_
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=    NA                             NA
_
Texas Morning bids and basis for US 2 Yellow Sorghum
Cash Bids                           Basis
Aug=    7.8225-8.4475               +115Z  to +150Z
_
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 Jul 2020
                          Louisiana Texas
US 2 SRW Wheat            5.79      NA
US 1 HRW Wheat            NA        NA
US 2 Yellow Corn          3.88      NA
US 1 Yellow Soybeans      9.60      NA
US 2 Yellow Sorghum       NA        7.93

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

8:44    nd