Mike McGlone|4月 20, 2026 11:08
Peak 2026 Inklings: Soybeans $12.39, Alongside $120 Crude Oil
The majority of soybean futures' range since 1Q24 has been between $10-$12 a bushel, with a March spike to $12.39, alongside crude oil's surge to $120 a barrel. My analysis suggests peak inklings for the oil seed and an incomplete low-price-cure cycle, potentially toward $9.
Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/tdseq8kgifvf {BI COMD}
#soybeans #technicalanalaysis #crudeoil @BBGIntelligence(Mike McGlone)
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