Mike McGlone: Hedge funds most bullish on grains since June 2022 raise liquidation risks

Mike McGlone: Hedge funds most bullish on grains since June 2022 raise liquidation risks
Hedge funds risk in grain markets

Mike McGlone, industry influencer, highlights that hedge funds, operating as managed money, held net-long positions in grains at about 17 percent of futures open interest on May 4. This marks the highest optimism for grain price increases since June 2022, potentially increasing the risk of liquidation.

Earlier analysis from McGlone noted that corn prices rebounded near $5 a bushel as crude oil reached $120. He suggested that low prices may not resolve the existing surplus in corn. In a separate report, McGlone observed that volatility in gold and crude oil could become relevant for the stock market by 2026.

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.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.