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Mike McGlone
Mike McGlone|Apr 28, 2026 10:28
All Linked Now -- How Long Can Crude Buoy Grains? If crude oil stays elevated in 2026, grain and agriculture prices may as well, but elasticity is typically a primary constraint. Our bias is that the December WTI crude future, at about $78 a barrel on April 27, is more likely to fall toward $50 before US midterm elections than rise above $100, for two key reasons: ample US supply and policy goals for lower food and energy prices, inflation and bond yields. Full report on the Bloomberg terminal here: https://blinks.bloomberg.com/news/stories/te782gkip3jm {BI COMD} #corn #soybeans #wheat #crudeoil @BBGIntelligence(Mike McGlone)
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Timeline

Apr 29, 11:22Crude Oil Surge Triggers Turmoil
Apr 29, 04:57WTI crude oil intraday rises over 4%
Apr 27, 14:00Big players induce retail investors to sell in order to clear liquidity.
Apr 18, 04:53Short Brent crude oil before the reopening of the Strait of Hormuz
Apr 12, 23:43Oil prices will continue to rise
Apr 12, 11:35A large number of empty oil tankers are heading to the United States
Apr 12, 01:57The U.S.-Iran negotiations have concluded, market strategies can proceed.
Apr 11, 04:34Global Market Narrative Pricing Experiment and Trend Analysis
Apr 08, 02:11MURBAN crude oil down 19%
Apr 01, 06:16Pay attention to the 69k resistance situation

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