Mike McGlone
Mike McGlone|Sep 25, 2026 10:52
October Agriculture Outlook - Grain, Soybean Prices Overextended? Diesel's Path Offers Guide Corn, soybeans and wheat may stay above key thresholds around $5, $13 and $7 a bushel if diesel prices remain near record highs and South America has a poor growing season. My analysis highlights downside risk from managed money (hedge funds) holding its largest end-of-3Q net-long position since 2012, alongside typical seasonal liquidation cycles. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tlwx57kgctho {BI COMD} #corn #soybeans #wheat #diesel @BBGIntelligence
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