Mike McGlone: Hedge funds stretch grain longs amid resistance levels for soybeans and corn

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Parshwa Turakhiya

11.05.2026

Mike McGlone: Hedge funds stretch grain longs amid resistance levels for soybeans and corn — Hedge funds stretch grain longs

Mike McGlone, industry influencer, highlights the positioning of managed money in grain commodities, particularly soybeans and corn. According to the latest data as of May 8, hedge funds have accumulated significant long positions in grain futures, signaling expectations that soybeans and corn may challenge resistance levels of $12 and $5, respectively.

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McGlone has tracked cross-asset trends in other commodities this year. He previously reported that copper and the S&P 500 each rose 5% year to date through April 29. In another update, he said that high prices could lead WTI crude oil to experience price swings similar to U.S. natural gas.

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