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.

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  • The ratio of new-crop soybean prices to new-crop corn prices is currently trading at 2.36 to 1 for 2020-21, slightly below the 10-year average of 2.42 to 1 and giving a slight incentive to plant more corn than soybeans. The ratio is one important, but not definitive indicator of how spring planting decisions may go. (DTN ProphetX chart)

    Todd's Take

    For grain markets, 2020 has already had its share of distractions, but at the end of the day, the success or failure of planting season will likely hold the key for this year's prices.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CST Tuesday, Feb. 11. (Logo courtesy of USDA)

    USDA Reports Preview

    February WASDE reports don't typically have much punch for prices, but Tuesday's version could be different. Coming on the heels of a new phase-one trade agreement with China, USDA will provide new export estimates, offering...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March corn closed down 1 1/2 cents and March soybeans were up a penny, both showing higher volume Thursday, but not really going anywhere. All three wheats gave back most of Wednesday's gains while the March U.S. dollar index...

  • DTN's national index of cash soybean prices fell to $8.22 a bushel on Thursday, Jan.30, 2020, pressured in part by increasing concerns of how coronavirus might impact U.S. soybean demand in 2020. (DTN ProphetX chart)

    Todd's Take

    Close on the heels of a new phase-one trade agreement with China, the soybean market gets distracted by a new viral outbreak.

  • USDA will release its monthly Crop Production, Crop Production Annual Summary, Grain Stocks, Winter Wheat Seedings and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CST Friday, Jan. 10. (Logo courtesy of USDA)

    USDA Reports Preview

    2019 is in the books, and for U.S. row crops, it was a year like none other. On Friday, USDA will release its long-awaited crop estimates for corn and soybeans, along with a tally of grain stocks on Dec. 1 and estimates of U.S. winter...

  • Illustration by Nick Scalise

    DTN's Quick Takes

    OMAHA (DTN) --On Sunday evening, March corn is up 4 1/2 cents, January soybeans are up 7 cents and March KC wheat is up 4 1/4 cents. Grains are starting higher with bullish hopes carrying over from Friday's trade news.

  • A brief seasonal rally in October lost ground in November as bearish demand concerns outweighed more bullish concerns of adverse harvest conditions. Farmers around the Midwest continue to insist USDA is overestimating the 2019 corn crop and anecdotal evidence is on their side. (DTN ProphetX chart)

    Todd's Take

    USDA's case for a 13.66 billion bushel corn crop is not holding water.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CST Tuesday, Dec. 10. (Logo courtesy of USDA)

    USDA Reports Preview

    With over 1 billion bushels of corn still unharvested, Tuesday's World Agricultural Supply and Demand Estimates report is not likely to tell us much we don't already know. There may be a few tweaks to demand and international wheat...

  • In addition to the usual supply and demand factors that affect grain prices, there is a behavior cycle among investors that sometimes favors financial assets and physical assets, including grains. The tendency of investors to bid stock prices to record highs in 2019, while numerous crop prices are trading at multi-year lows, is eerily reminiscent of markets in 2000. (DTN ProphetX chart)

    Todd's Take

    As we get ready to flip the calendar to 2020, the parallels to 2000 are strangely familiar.