
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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