USDA Louisiana And Texas Gulf CIF Basis Bids – Jul 7

 
JO_GR112 
Portland, OR    Thu  Jul 07, 2016    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 lower and yellow sorghum was not available. Texas cash bids 
were indicated as lower for hard red winter wheat and higher for yellow 
sorghum. 
 
Louisiana Morning bids and basis for US 2 Soft Red Winter Wheat 
Cash Bids                            Basis 
Jul=    4.5775-4.5875                 +29U  to +30U 
Aug=    4.6375                        +35U 
Sep=    4.7375-4.7875                 +45U  to +50U 
Oct=    4.9925-5.0925                 +50Z  to +60Z 
Nov=    4.9925-5.0925                 +50Z  to +60Z 
Dec=    4.9925-5.0925                 +50Z  to +60Z 
_ 
Louisiana Morning bids and basis for US 2 Yellow Corn 
Cash Bids                            Basis 
Jul=    4.0375-4.1275                 +60U  to +69U 
Aug=    4.0775-4.0875                 +64U  to +65U 
Sep=    4.1375-4.1575                 +70U  to +72U 
Oct=    4.2250                        +72Z 
Nov=    4.1950-4.2050                 +69Z  to +70Z 
Dec=    4.1750                        +67Z 
_ 
Louisiana Morning bids and basis for US 1 Yellow Soybeans 
Cash Bids                            Basis 
Jul=    11.5700-11.5800               +79Q  to +80Q 
Aug=    11.5600-11.6000               +78Q  to +82Q 
Sep=    11.4450-11.5250               +96X  to +104X 
Oct=    11.3350-11.3750               +85X  to +89X 
Nov=    11.3050-11.3250               +82X  to +84X 
Dec=    11.2850                       +80F 
_ 
Louisiana Morning bids and basis for US 2 Yellow Sorghum 
Cash Bids                            Basis 
Jul=    NA                              NA 
Aug=    6.4375-6.8850                 +10Z  to +35Z 
Sep=    6.4375-6.8850                 +10Z  to +35Z 
_ 
Texas Morning bids and basis for US 1 Hard Red Winter Wheat 
Cash Bids                            Basis 
Jul=    3.9350-4.2850                 -20U  to +15U 
_ 
Texas Morning bids and basis for US 2 Yellow Sorghum 
Cash Bids                            Basis 
Jul=    6.2600                         +0Z 
_ 
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  Jun 2016 
                          Louisiana  Texas 
US 2 SRW Wheat            5.16       NA 
US 1 HRW Wheat            NA         4.80 
US 2 Yellow Corn          4.61       NA 
US 1 Yellow Soybeans      11.92      NA 
US 2 Yellow Sorghum       NA         7.56 
 
Source: USDA Market News Service, Portland, OR 
        Niki Davila 503-326-2237  Portland.LPGMN[a]ams.usda.gov 
        www.ams.usda.gov/mnreports/jo_gr112.txt 
        www.ams.usda.gov/lpsmarketnewspage 
 
8:51    nd 
 
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