Bill Moore
William Moore's market views are centered around his many relationships with Agricultural producers. His weekly newsletter, AGMASTER, provides a blend of fundamental & technical information used to make prudent hedging decisions. Contact Mr. Moore at (312) 264-4337
AgMaster Report – 07/30/2025
SEPT CORN
Despite recent flash sales to Mexico & unknown destinations & Monday inspections of 1.522 MMT – plus a trade deal with the EU & ongoing trades talks with China in Stockholm, Sept Corn slumped to new 2025 low off a cooler, wetter forecast for early August! The mkt is very overbought but continuing, benign weather in the central Midwest has kept pressure on corn prices since planting! Gd-Ex ratings dropped 1% to73% – still very high for this time of the year! Early yield predictions are running 185-186bpa!
SEPT BEANS
Gd-Ex rating jumped 2 % to 70% – the best in 5 years! US-CHINA trade talks continue in Europe – with the possibility positive results could force a short-covering rally! Export inspections came in at 409,000 mt with cumulative inspections up 10% over 2024! Below average temps & above average moisture for early Aug have forced Sept Beans down to their July lows!
SEPT WHT
Harvest is 80% in but a lack of bullish news has stymied any rallies! Crop ratings dropped 3% to 49%! A 200 point rally in the US Dollar this week has definitely inhibited exports! Wht inspections came in at 288,000mt. The mkt is awaiting any trade deals in front of the Aug 1 tariff deadline on Friday!
AUG CAT
A flurry of USDA Reports Friday – including a Cattle-on-Feed, a semi-annual Cattle inventory Report – all proved positive for the already bullish juggernaut – propelling it to another round of contract highs! Despite a falling box beef mkt & a strong dollar, Aug cattle continues to feed off a strong demand period – the grilling season – rallying $35 since early April! Herd retention has already begun but this has not impeded this “raging bull” as demand continues to show up at record levels – pushing cash to a big premium over Aug Cat!
AUG HOGS
In stark contrast to Aug Cat, Aug Hogs continue to languish is a sideways trading pattern as marginal demand & poor exports due to a strong dollar continue to hamstring a pork mkt that normally keeps pace with its sister mkt! As well, pork has an economic advantage in the supermarket over beef! Its neutral action against cattle’s steep rise is a head-scratcher!
Questions? Ask Bill Moore today at 312-264-4337