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Corn and crude prices dip below $4, Mike McGlone emphasizes
Mike McGlone, industry influencer, highlights recent declines in commodity prices, noting that corn futures have traded below $4 a bushel for the 2024-25 period, the lowest since this price was first reached in 1974.
McGlone raises the question of whether conditions will change in 2026, as both corn and crude oil emphasize commodity price deflation.
McGlone has drawn attention to notable market developments in past reports. He identified the highest S&P 500-to-GDP ratio since 1936 and observed Treasuries underperforming gold since 1983. Earlier this year, McGlone also saw potential support for the Bloomberg Galaxy Crypto Index at 1,000 following a possible decline from its 2025 high near 4,000.
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