The David Lin Report · Thursday, September 10, 2026
McGlone highlights an unusual July with excessive rain impacting corn yields, causing them to drop below earlier record expectations. This, combined with geopolitical factors affecting wheat and soybean oil demand, is contributing to rising commodity prices.
“But something that's really happened this year is we, I used to own a farm and I'm from the corn belt. Initially, you know, last three decades in New York, five years in Miami now. But I've never seen a July with too much rain but pressured corn yields. So prices of corn are going up.”
“First of all, corn is going down because at the beginning of the year, yields were expected in this country to be about 186 bushels. That was around a record. And now they're dropping below 180. It's just collapsing. And it's not because of drought. It's because of too much rain, which I've just never seen that. But prices are going up.”