Todd Hultman

DTN Lead Analyst

Todd Hultman is a DTN grain market analyst, and has worked in the commodity futures industry since 1985.

 

Todd began his career as a broker with Delta Futures Group in Omaha, where he relied on DTN's news and market quotes. In 1997, he left the brokerage business with a desire to spend more time researching the futures markets and educating others. The move led to the creation of an online educational resource for futures traders. That same strong interest to research and teach brought a Todd to DTN where he enjoys commenting on the grain markets. Todd is a 1981 graduate of the University of Nebraska at Omaha and has lived in the Omaha area for most of his life.

Recent Blogs by Author

More From This Author

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Friday, Dec. 9. (USDA logo)

    USDA Reports Preview

    What to expect from USDA's December Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, which will be released on Friday, Dec. 9.

  • March corn prices fell 25 cents in the week ending Dec. 2, to a new three-month low of $6.46 1/4. Technically speaking, the sell-off turned the trend down at a time when corn supplies are being estimated near their lowest levels in 10 years and corn's national basis is the strongest in over 20 years -- a contradictory mix of clues (DTN ProphetX chart).

    Todd's Take

    Friday's new three-month low in March corn contradicts corn's strong national basis and just made the marketing decision more frustrating. For this year's corn, the right answer may be different for each farm.

  • (Marcia Zarley Taylor)

    Inside the Market

    While the production side of corn's 2022 ledger is now fairly well understood, we can't yet say the same for the demand side of 2022-23.

  • As of Nov. 3, U.S. corn export commitments total 580 million bushels in 2022-23, the slowest start for this time of year in three years. As the nine previous years show above, corn sales don't typically follow predictable lines, but often unfold in erratic spurts with December to June representing the more active period. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Many are questioning USDA's decision to keep their estimate of U.S. corn exports unchanged in November as early sales in 2022-23 are off to a pathetic start. Given the context of this year's markets, I lean toward USDA on this one.

  • Farming has come a long way in the past couple hundred years, thanks largely to inputs that rely heavily on carbon fuels. Finding new alternatives, while feeding a growing world population that is soon to exceed 8 billion, presents big challenges ahead. (Public domain photo)

    Todd's Take

    The world's population is growing and the push is on to minimize the use of carbon-based fuels. Standards of living have never been so good, but can we perpetuate the miracles that got us here?

  • (urfinguss, Getty Images)

    Inside the Market

    The world's population will reach 8 billion in November, which means increased food production when current methods rely heavily on fossil fuels that many contend need to be reduced, all while there is a shrinking share of farmers.

  • If USDA is correct and the weather cooperates, Brazil will harvest 5.58 billion bushels of soybeans in 2023, the 10th time the country has produced a record soybean crop since 2010. (DTN ProphetX chart by Todd Hultman).

    Todd's Take

    Brazil's soybean crop isn't even half planted yet and traders are already concerned about its bearish impact on future prices. We have seen this before.

  • Despite numerous outside market concerns scaring traders, prices for the two main feed ingredients, corn and soybean meal have remained well-supported this summer and fall, even during harvest. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    A hawkish Fed, tight supplies of crops, widespread drought and a megalomaniacal Russian President are tugging crop prices in different directions. How will this movie turn out?

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Wednesday, Oct. 12. (USDA logo)

    USDA Reports Preview

    What to expect from USDA's October Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, which will be released on Wednesday, Oct. 12.

  • (Brent Warren)

    Inside the Market

    The five years of doing the DTN Digital Yield Tour has been a learning process, and the yield estimates appear to be getting more accurate.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Monday, Sept. 12. (USDA logo)

    USDA Reports Preview

    What to expect from USDA's September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, which will be released on Monday, Sept. 12.