ARC Midday Commentary; CBOT Higher On the Addition of Weather Premium to Price; Midday GFS Model Delayed – No Real Change in the Pattern Next 10 Days; Midwest Cash Corn Bids Strong; CA Proposition 12

AgResource Farm Marketing Advice for Friday: 1/ No New Advice. AgResource will release our weekend wire this PM ahead of the US Holiday. CBOT Ag markets are higher at midday on the hope that President Biden and the US House can cobble together a 2-year Debt Ceiling Pact amid threatening Midwest/Delta weather forecasts. The CBOT…

U.S. Corn Export Inspections Could Be Over 745,000 MT Next Week. May Census Exports Could Total 5.84 MMT (230 MBU).

Summary:  The lineup of ships waiting or scheduled to load US corn is estimated to 653,000 MT (26 MBU).  That is down 26% from the previous week.  Monday’s export inspections could be 745,000 MT (29 MBU). That would be down 44% from the previous week. There were 18 vessels to-be-nominated (TBN). That’s up 7 from the previous week. May Census…