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 – 08/06/2025
SEPT CORN
Sept Corn continues to grind lower as benign weather & a lack of substantive trade deals feed the bear mkt! The good-to-excellent crop ratings Monday came in at 73% the highest since 2016! Private estimators have recently pegged yields at 186-188 BPA – over the recent USDA at 181! A recent sharp drop in the US Dollar due to lower than expected US Unemployment data from last Friday – non-farm payroll at 73,000 (100,000) & solid exports sales & inspections Thur & Mon have failed to offset the nearly perfect crop weather! Next Tues 8-12, the USDA issues their Aug Supply & Demand Report – followed by a slew of private crop tours – including the Pro Farmer tour Aug 19-22!
SEPT BEANS
Beans have followed corn lower – exacerbated also by excellent growing weather & a continuing delay in the US/China trade deal talks & resolution! Good-to-excellent ratings came in at 68% – down 1%! Stone X came in at 53.6 bpa & S & P Global at 53.5 – just over the USDA’s 52.51. Trumps Russian Sanctions threats briefly rallied beans as higher crude oil bumped up soyoil – which pushed beans higher! The mkt is awaiting the August USDA Report & the subsequent crop tours next week!
SEPT WHT
Sept Wht has followed Sept Corn & Beans lower – as the path of least resistance! There is no redeeming BULL STORY in the grains currently as very benign weather & a lack of trade deals & ongoing tariffs have weighed heavily on the CBOT! However, the mkt is severely overbought but needs a bullish spark from somewhere!
OCT CAT
The amazingly resilient Oct Cat mkt – after having rallied $40 (190-230) since early April – has once again recovered from a sharp $7.00 correction to within $1.00 of contract highs off Brazilian import fears, a tight fed cattle mkt & a strong cash mkt! Demand keeps showing up at these record levels as the Grilling Season winds down going into Labor Day W/E!
OCT HOGS
Oct Hogs have closed higher 5 consecutive days (88-93) off a strong pork cut-out – closing the gap with its high-flying neighbor Oct Cat! Demand has improved as we move into the Labor Day W/E holiday – and the cheaper meat in the supermarkets is garnering plenty of attention from shoppers! Plus trade deals may limit the pork imports going forward!
Questions? Ask Bill Moore today at 312-264-4337