JO_GR112
Portland, OR    Fri  May 24, 2013    USDA Market News

Louisiana and Texas Export Bids

***THE NEXT REPORT WILL BE ISSUED ON TUESDAY, MAY 28, 2013 DUE TO THE 
MEMORIAL DAY HOLIDAY.***

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=     7.5250-7.5750     dn 10.75-dn 20.75     +55Nto+60N  dn 5-15
Jun=     7.5250-7.5450     dn 0.75-dn 3.75       +55Nto+57N  up 5-2
Jul=     7.5250-7.5450     dn 0.75-dn 3.75       +55Nto+57N  up 5-2
Aug=     7.6250-7.6450     up 4.75-up 2.75       +58Uto+60U  up 10-8
Sep=     7.6350-7.6450     up 5.75-dn 2.25       +59Uto+60U  up 11-3
_
Louisiana Midday bids and basis for US 2 Yellow Corn
Cash Bids                  Change               Basis        Change
May=     7.6125-7.6225     dn 0.75-dn 5.75      +104Nto+105N up 4-dn 1
FH Jun=  7.4725-7.5425     dn 10.75-dn 7.75      +90Nto+97N  dn 6-3
LH Jun=  7.3725-7.4725     dn 7.75-up 0.25       +80Nto+90N  dn 3-up 5
FH Jul=  7.0725-7.2025     dn 7.75-dn 4.75       +50Nto+63N  dn 3-unch
LH Jul=  7.0725-7.1325     dn 7.75-dn 11.75      +50Nto+56N  dn 3-7
FH Aug=  6.5475-6.9675     up 3.25               +88Uto+130U unch
LH Aug=  6.5175-6.7675     up 3.25-up 13.25      +85Uto+110U unch-up 10
FH Sep=  6.2175-6.2975     up 3.25               +55Uto+63U  unch
LH Sep=  6.2175-6.2475     up 3.25               +55Uto+58   unch
_
Louisiana Midday bids and basis for US 1 Yellow Soybeans
Cash Bids                  Change               Basis        Change
May=     15.6125-15.6225   dn 23.25-dn 37.25     +85Nto+86N  unch-dn 14
FH Jun=  15.5625-15.6125   dn 28.25-dn 38.25     +80Nto+85N  dn 5-15
LH Jun=  15.5625-15.6125   dn 23.25-dn 28.25     +80Nto+85N  unch-dn 5
FH Jul=  15.4625-15.5125   dn 28.25-dn 24.25     +70Nto+75N  dn 5-1
LH Jul=  15.4125-15.5125   dn 23.25-dn 16.25     +65Nto+75N  unch-up 7
Aug=     14.6050-14.6750   dn 12-dn 7            +58Qto+65Q  unch-up 5
FH Sep=  13.4775-13.5275   up 4.75              +100Xto+105X unch
LH Sep=  13.3775-13.4275   up 5.75-up 4.75       +90Xto+95X  up 1-unch
_
Louisiana Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                  Change               Basis        Change
May=     11.9150-12.5400   dn 8.5                +10Nto+45N  unch
Jun=     NA                                        NA
Jul=     NA                                        NA
Aug=     10.8125-10.9200   up 13.75-up 3.25      +69Zto+75Z  up 6-unch
Sep=     10.5625-10.7050   up 3.25-up 3          +55Zto+63Z  unch
_
Texas Midday bids and basis for US 1 Hard Red Winter Wheat
Cash Bids                  Change               Basis        Change
May=     8.6575-8.6675     dn 8.75              +120Nto+121N unch
_
Texas Midday bids and basis for US 2 Yellow Sorghum
Cash Bids                  Change               Basis        Change
May=     11.7375-12.5400   dn 8.5                 +0Nto+45N  unch
NC=      10.6525-10.6700   up 3.25               +60Zto+61Z  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

11:45    ts