Mike McGlone|May 22, 2026 11:22
Corn May Be Leaning Toward $4 vs. $5 for Year-End
The December corn future 2026 high is $5.06 per bushel on May 21 vs. the US break-even production cost near $4, which may suggest downward reversion risks. Some combination of WTI crude oil staying above $100 a barrel and a Corn Belt drought may be necessary for corn to sustain a $5 handle.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tffla8kgctln {BI COMD}
#corn #crudeoil @BBGIntelligence(Mike McGlone)
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