Mike McGlone
Mike McGlone|Sep 10, 2026 10:34
Technical Outlook - Is Corn Shifting $5 Resistance to Support? Speculators Onboard August corn-price surges have a history of retreating in September, and 2026 was among the biggest spikes ever. It may have solidified an enduring floor around $4 a bushel as the grain settles just above $5 on the back of surging diesel prices. Hedge funds are onboard and the most net-long corn since 2022, elevating liquidation risk into year-end. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tl555er24u8d {BI COMD} #corn #futures #diesel #naturalgas @BBGIntelligence(Mike McGlone)
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