JO_GR112
Portland, OR    Fri  May 17, 2013    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, dollar per bushel, except sorghum per cwt.
Bids as of 2:00 Central time; Subject to change.
_
Louisiana Midday bids and basis for US 2 Soft Red Winter Wheat
Cash Bids                  Change               Basis        Change
May=     7.3325-7.3825     up 0.5-dn 9.5         +50Nto+55N  up 5-dn 5
Jun=     7.2725-7.2825     dn 4.5-dn 6.5         +44Nto+45N  unch-dn 2
Jul=     7.2725-7.2925     dn 4.5-dn 5.5         +44Nto+46N  unch-dn 1
Aug=     7.3600-7.3700     dn 5                  +45Uto+46U  unch
Sep=     7.3600-7.4100     dn 5                  +45Uto+50U  unch
_
Louisiana Midday bids and basis for US 2 Yellow Corn
Cash Bids                  Change               Basis        Change
May=     7.4475-7.5775     up 11.25-up 18.25     +92Nto+105N unch-up 7
FH Jun=  7.3875-7.4475     up 12.25-up 14.25     +86Nto+92N  up 1-3
LH Jun=  7.2975-7.4475     up 11.25-up 18.25     +77Nto+92N  unch-up 7
Jul=     7.0775-7.1275     up 11.25-up 13.25     +55Nto+60N  unch-up 2
Aug=     6.4100-6.7600     up 2.25-up 22.25      +85Uto+120U unch-up 20
FH Sep=  6.1100-6.1900     up 3.25-up 2.25       +55Uto+63U  up 1-unch
LH Sep=  6.1100-6.1600     up 3.25-up 6.25       +55Uto+60   up 1-4
_
Louisiana Midday bids and basis for US 1 Yellow Soybeans
Cash Bids                  Change               Basis        Change
May=     15.8350-16.0850   up 6-up 21           +135Nto+160N dn 15-unch
FH Jun=  15.7350-15.9850   up 21                +125Nto+150N unch
LH Jun=  15.4850-15.8850   up 6-up 36           +100Nto+140N dn 15-up 15
Jul=     15.1850-15.2350   up 17-up 21           +70Nto+75N  dn 4-unch
Aug=     14.3650-14.3850   up 24.5               +58Qto+60Q  unch
FH Sep=  13.2525-13.3325   up 14.75-up 10.75     +97Xto+105X up 4-unch
LH Sep=  13.2025-13.2525   up 10.75-up 14.75     +92Xto+97X  unch-up 4
_
Louisiana Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                  Change               Basis        Change
May=     12.4600-12.7275   up 20                 +45Nto+60N  unch
Jun=     NA                                        NA
Jul=     NA                                        NA
Aug=     10.4025-10.5275   dn 2.5-dn 8           +63Zto+70Z  up 3-unch
Sep=     10.2600-10.4375   up 1-dn 8             +55Zto+65Z  up 5-unch
_
Texas Midday bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                  Change               Basis        Change
May=     8.4725-8.5225     up 3.75-dn 6.25      +110Nto+115N up 10-unch
_
Texas Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                  Change               Basis        Change
May=     11.6550-12.4600   up 20                  +0Nto+45N  unch
_
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 Apr 2013
                           Louisiana            Texas
US 2 SRW Wheat             7.57                 NA
US 1 HRW Wheat             NA                   8.39
US 2 Yellow Corn           7.11                 NA
US 1 Yellow Soybeans       15.00                NA
US 2 Yellow Sorghum        12.18                12.21

Source:  USDA Market News Service, Portland, OR
         Tiffany Smit 503-326-2237  Portland.LGMN@ams.usda.gov
         www.ams.usda.gov/mnreports/jo_gr112.txt
         www.ams.usda.gov/lpsmarketnewspage

11:47    ts