Baton Rouge, LA - Thu May 08, 2008 - USDA-LA Dept of Ag Market News
Gulf Export bids and basis for grain delivered to gulf export elevators,
barge to Louisiana Gulf (Mississippi River), prompt or 30 day shipments,
dollar per bushel, except sorghum per cwt.
Bids as of 1:30 Central time; Subject to change. Sent via Portland
Midday bids and basis for US 2 Soft Red Winter Wheat
Cash Bids Change Basis Change
May= 7.3700 - 7.4200 up 14.5 -85 N to -80 N unch
Jun= 7.2700 - 7.3200 up 14.5 -95 N to -90 N unch
Jul= 7.2700 - 7.3200 up 14.5 -95 N to -90 N unch
Aug= 7.4575 - 7.6075 up 14 -90 U to -75 U unch
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Midday bids and basis for US 2 Corn
Cash Bids Change Basis Change
May= 6.4625 - 6.5125 up 12.25-up 16.25 +16 N to +21 N dn 5-1
Jun= 6.5425 - 6.6125 up 10.25-up 15.25 +24 N to +31 N dn 7-2
July= 6.6425 - 6.6825 up 13.25-up 16.25 +34 N to +38 N dn 4-1
Aug= 6.7275 - 6.7575 up 14-up 17 +33 U to +36 U dn 3-unch
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Midday bids and basis for US 1 Yellow Soybeans
Cash Bids Change Basis Change
May= 13.2000 - 13.2400 up 1-up 2 +10 N to +14 N unch-up 1
Jun= 13.3300 - 13.4200 up 1-up 5 +23 N to +32 N unch-up 4
Jul= 13.4000 - 13.4400 up 3-up 1 +30 N to +34 N up 2-unch
Aug= 13.1400 - 13.1900 no comp +10 Q to +15 Q no comp
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Midday bids and basis for US 2 Yellow Sorghum
Cash Bids Change Basis Change
May= 11.4325 up 30.75 +10 N unch
Jun= NA NA
Jul= NA NA
Aug+ 11.7175 up 28 +10 Z unch
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Chicago Board of Trade 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
Monthly Prices for: April
US 2 SRW Wheat 8.6900
US 2 Yellow Corn 6.2600
US 1 Yellow Soybeans 13.5000
US 2 Yellow Sorghum 11.1200
Source: USDA Market News Service, Portland, OR
Martha Hansen, Tiffany Smit 503-326-2237
www.ams.usda.gov/mnreports/bg_gr110.txt
12:32 pdt ts
