Mike McGlone|Mar 27, 2026 11:59
Corn's $5 Ceiling Since 2023 vs. Potential $120 2026 Crude Peak -
Ample US corn stocks and record-setting Brazilian soybean production and exports are top 2026 grain-price headwinds. Has the closing of the Strait of Hormuz changed that? Fertilizer constraints are more likely to affect corn in 2027, while South America's soy-supply machine is running hot. My analysis points to 2026 ceilings near a $5 a bushel for corn and $120 a barrel for crude.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tcjyq8kgzas0 {BI COMD}
#corn #soybeans #crudeoil #Brazil #Iran @BBGIntelligence(Mike McGlone)
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