Mike McGlone: U.S. breakeven costs for WTI crude and corn near $55 and $4

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U.S. breakevens near $55 crude, $4 corn

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Andrey Mastykin

22.05.2026

Mike McGlone: U.S. breakeven costs for WTI crude and corn near $55 and $4 — U.S. breakevens near $55 crude, $4 corn

Mike McGlone points out that U.S. breakeven costs for key commodities are approaching $55 a barrel for WTI crude oil and roughly $4 a bushel for corn.

He adds that U.S. natural gas may continue to lead trends in 2026, similar to its movement in 2023, with commodities tending to align with break-even production costs.

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Earlier this year, McGlone said hedge funds increased long positions in soybeans and corn futures as $5 resistance levels for corn became prominent, according to a previous report. He also noted that the Bloomberg Energy Spot Subindex may have peaked in 2026 near 500, raising the possibility of deflationary pressures in energy markets, as reported in a separate analysis. His latest comments align with a focus on production costs for commodities.

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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