JO_GR112
Portland, OR    Wed  Aug 12, 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 lower, yellow corn were
lower, soybeans were higher 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=    5.4125-5.4625                +50U  to +55U
Sep=    5.5125-5.5325                +60U  to +62U
Oct=    5.6475-5.6975                +65Z  to +70Z
Nov=    5.6475-5.6975                +65Z  to +70Z
Dec=    5.6475-5.7475                +65Z  to +75Z
Jan=    5.7175-5.8175                +65H  to +75H
_
Louisiana Morning bids and basis for US 2 Yellow Corn
Cash Bids                           Basis
Aug=    3.5650-3.6050                +47U  to +51U
Sep=    3.6150-3.6350                +52U  to +54U
Oct=    3.6925-3.7025                +48Z  to +49Z
Nov=    3.7125-3.7525                +50Z  to +54Z
Dec=    3.7725-3.7825                +56Z  to +57Z
Jan=    3.8375-3.8675                +51H  to +54H
_
Louisiana Morning bids and basis for US 1 Yellow Soybeans
Cash Bids                           Basis
Aug=    9.5400-9.5800                +72Q  to +76Q
Sep=    9.4500-9.4800                +71X  to +74X
Oct=    9.4300-9.4800                +69X  to +74X
Nov=    9.4800-9.5000                +74X  to +76X
Dec=    9.4550-9.4750                +66F  to +68F
Jan=    9.4650-9.4750                +67F  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=    8.4150-8.8625               +150Z  to +175Z
_
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

8:41    nd