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Mike McGlone: $5 corn and $100 WTI crude oil mark 2026 thresholds
Mike McGlone identifies $5 corn and $100 WTI crude oil as key price thresholds for 2026. He points out that the last time front corn futures finished a quarter above $5 per bushel was in the second quarter of 2023, following the decline from peaks reached after Russia's invasion of Ukraine.
McGlone highlights that escalating conflict involving Iran, potential closure of the Strait of Hormuz, and a surge in crude oil prices to approximately $120 per barrel could drive significant market volatility.
McGlone previously suggested that WTI crude oil could fall below $50 ahead of the U.S. midterm elections, reflecting a bearish view for energy markets at the time. He has also noted that Bitcoin's correlation with stocks has broken down, pointing to potential risks for the cryptocurrency market. These calls highlight his attention to correlations and key thresholds in commodity and digital asset pricing.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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