Mike McGlone: December corn futures saw largest August gain since 1980

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13.09.2026

Mike McGlone: December corn futures saw largest August gain since 1980 — Corn futures post record August rally

Mike McGlone highlights that December corn futures experienced a 15.9 percent surge in August, marking the largest advance for the month since 1980.

He notes that similar rallies near 13 percent were seen in 2011 and 2003, and suggests that the $4 corn low in 2026 could represent an enduring floor for the commodity.

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McGlone has previously drawn parallels between commodity trends, comparing gold’s $5,600-an-ounce first-quarter high to the 2008 crude oil surge. In another note, he discussed the unusual scenario of the Federal Reserve possibly maintaining rates when futures pricing showed an 88 percent chance of a hike, highlighting rare policy considerations at the central bank. His recent observations on corn futures build on this focus on notable market milestones.

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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