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 – 04/16/2025
MAY CORN
May Corn impressively has rallied 40 cents (450-490) thru the “tariff wars” into the April USDA Report last Thur which was bullish corn! Exports have flourished with 2 flash sales the last 2 days & 1.6mmt export inspections yesterday! Today the mkt is correcting an overbought condition – but going forward, the outlook is bright – solid exports, dry conditions around the corn belt & historically cheap prices! Any weather issues this summer with the US Crop will put a charge into Corn!
MAY BEANS
Remarkably, May Beans have managed to rally 90 cents (970-1050) this month despite the massive tariffs against China – as other countries have stepped up their exports! There is a perception that Trump might roll back the China tariffs much like he’s done with the other countries as he & President could meet soon to negotiate! Much like May Corn, May Beans became overbought & are correcting today! Also, as we enter planting, there is no weather premium built case weather issues arise! Early planting #’s show corn 4% in & beans at 2% – right on the average!
MAY WHT
May Wht has corrected along with May Corn & May Beans as moisture in N Texas & C Oklahoma has improved Winter Wht condition ins! There is still a large fund short position in wht that could morph into a short-covering rally! Many dry areas still exist in the WW areas & this support the mkt on breaks!
JUNE CAT
June Cat has tended to mirror the DJI – breaking $14 (206-192) when the Dow had its precipitous break off the Trump tariffs & recovering $8 (192-200) when Trump delayed most tariffs by 90 days! The mkt will attract important demand to further its rally as the spring barbeque demand kicks in! Thur will be the monthly COF – with the COF-98.3 – Plcmt- 104.2 & Mkt – 100.6~
JUNE HOGS
June Hogs have impressively rallied back $8 (88-96) to close a downside gap & move back into its March congestion area (94-98)! Much like the June Cat, they have benefited from the DJI tariff-delay rally & the onset of Spring Cook-Out demand season for pork & beef- the best of the season!
Questions? Ask Bill Moore today at 312-264-4337