Corn, Soybeans and Wheat Bear Markets Gain New Fuel The 1H pumps, fueled by the Iran war, may be what the grain markets needed to add momentum to superabundance trends and pressure markets back toward low-price cures. I view cycles in grains, crude oil and natural gas as incomplete, particularly given that the US is a major producer and net exporter, with a motivated leader facing midterm elections and inflation as a top concern. WTI crude may head back toward $50 a barrel, notably due to surging above $100, with similar pump-then-dump dynamics potentially guiding corn, soybeans and wheat. US natural gas and Bitcoin led the rise-then-decline pattern in 1Q. Unless something unexpected buttresses prices, corn, soybeans and wheat may need to fall below 2024-25 lows near $3.70, $9.50 and $4.95 per bushel to curb supply, stimulate demand and establish price bottoms. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/th4p59rkv2tg {BI COMD} #corn #soybeans #wheat #grains @Bloomberg(Mike McGlone)