December 2023 corn bounced up from a low of $4.47 on Nov. 29, 2023, and December 2024 corn bounced up from a low of $4.46 on Feb. 26, 2024. I discuss the possibility of a double-bottom in...
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- Liubov Georges
- Anthony Greder
- Jerry Gulke
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- Chris Hill
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- Todd Hultman
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Todd Hultman
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
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Spot soybean oil prices are testing long-term support near 45 cents at a time when the moods for corn, soybean and wheat prices remain bearish. Can the half-off sale in bean oil generate...
More From This Author
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Technically Speaking
December 2023 corn bounced up from a low of $4.47 on Nov. 29, 2023, and December 2024 corn bounced up from a low of $4.46 on Feb. 26, 2024. I discuss the possibility of a double-bottom in...
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Todd's Take
Farmers across the country are receiving pay cuts for restoring a modest surplus of corn. Has anyone stopped to ask if it makes sense?
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USDA Reports Preview
USDA's March World Agricultural Supply and Demand Estimates (WASDE) report on Friday may adjust some U.S. export estimates and should lower USDA's high production estimates for Brazil's corn and soybeans, but may not offer many...
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Technically Speaking Blog
Spot soybean oil prices are testing long-term support near 45 cents at a time when the moods for corn, soybean and wheat prices remain bearish. Can the half-off sale in bean oil generate demand a second time?
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Todd's Take
The U.S. Treasury is about to announce a decision regarding the specifications of fuels eligible to earn a tax credit in the production of sustainable aviation fuel. Friday's announcement could...
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Inside the Market
After harvesting the smallest U.S. soybean crop in four years, it looked like soybean prices would have bullish potential in early 2024. That hope was quickly extinguished in January.
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Technically Speaking
Spot corn prices experienced a similar sharp drop in 2013 and 2014, giving us a hint of what to look for in 2024.
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Todd's Take
For the growers of the country's major crops, this was another tough week of declining spot prices and specs likely added to short positions already at record levels. Is that much bearish...
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USDA Reports Preview
When USDA releases its World Agricultural Supply and Demand Estimates (WASDE) report Thursday, most traders' attention will likely be on South American crop estimates for corn and soybeans.
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Technically Speaking Blog
July contracts of corn and soybeans are off to a bearish start in 2024 and, although cheap, have yet to find support.
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Todd's Take
Chicago wheat prices have chopped up and down, largely on Chinese buying rumors, which started in early October, some of which were true. Four months later, prices are up a nickel.
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Inside the Market
Winter price outlooks are especially bearish when preceded by a record harvest, but anything can happen between a hopeful winter and the realities of markets beginning in May.
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Todd's Take
Looking ahead in 2023-24, there are both bullish and bearish possibilities for soybean prices. Here in late January, the bearish possibilities are getting more attention.
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Technically Speaking
The recent drop in U.S. soybean meal prices is one view of a market that looks more bearish worldwide.
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Todd's Take
Along with a record corn harvest, corn prices took the dive many of us were concerned about last February. If you missed the first chance at a good price, will there be a second?
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Sort and Cull
The week ending Jan. 12 saw winter storms, bitter cold conditions, reduced slaughter, higher boxed beef prices, but lower prices of cash cattle. Specs are growing impatient, but cattle numbers aren't getting any bigger.
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USDA Reports Preview
What to expect on Friday, Jan. 12, when USDA releases its latest Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Dec. 1 Grain Stocks and Winter Wheat Seedings reports.
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Sort and Cull
Speculators are not convinced the rebound in February cattle futures will continue, but so far, cash prices are holding firm.
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Technically Speaking
For six months, bulls and bears in soybeans have been in a standoff, weighing the anticipation of tight U.S. supplies in 2023-24 versus another year of big production from South America. In the first days of January, the bears won.
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Todd's Take
After three years of volatile, often-expensive soybean meal prices, pork and poultry producers are on track for lower feed costs ahead.
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Hultman's Favorite Story of 2023
DTN/Progressive Farmer writers were asked to think back on 2023 and choose a favorite story they wrote. DTN Lead Analyst Todd Hultman said using corn to make ethanol is an old story he...
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Sort and Cull
Tuesday's USDA report is apt to show a second week of negotiated cattle prices gaining on formula, an encouraging sign of packer demand returning to the country.
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Inside the Market
USDA is estimating a record corn harvest in 2023 and higher ending supplies, but at least the new season's crop is finding better demand.
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Todd's Take
KC wheat prices have been on a bearish slide for a year and a half, and there is little sign of prices turning higher yet. There are, however, reasons to suspect long-term support is near.
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Sort and Cull
The panic that set off a seven-week sell-off in February cattle prices appears to have eased. It's now up to the market to find a new trading range.
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DTN Technically Speaking
On Monday, Dec. 18, U.S. Customs closed two rail lines into Mexico and markets took note. The prices of two important feeds for Mexico's livestock industry were briefly affected in different ways.
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Top 10 Ag Stories of 2023: No. 5
No. 5 on DTN's list of the Top 10 Ag Stories of the Year looks at how U.S. corn exports came in second place to Brazil for the first time in 2022-23, another sign of declining export market...
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Todd's Take
This 2023 chart from the Food and Agriculture Organization of the United Nations shows an increase in global hunger since 2020, the year COVID-19 became a global pandemic. COCID has not been the only factor contributing to...
- Bryce Anderson
- John Baranick
- Alan Brugler
- Joel Burgio
- Jennifer Carrico
- Chris Clayton
- Lori Culler
- Katie Micik Dehlinger
- Brian Ethridge
- Myke Feinman
- David M Fiala
- Mike Fontaine
- Liubov Georges
- Anthony Greder
- Jerry Gulke
- Jerry Hagstrom
- Chris Hill
- Gregg Hillyer
- Greg D Horstmeier
- Duane Howell
- Todd Hultman
- Cliff Jamieson
- Jason Jenkins
- Joel Karlin
- Scott R Kemper
- Mary Kennedy
- Rick Kment
- Elaine Kub
- Urban C Lehner
- Loren Lindler
- Dana Mantini
- Rod Mauszycki
- Dan Miller
- Darren Miller
- Brian L Milne
- Kathy Myers
- Victoria G Myers
- Todd Neeley
- Linda Nellson
- Richard Oswald
- Mike Palmerino
- Jim Patrico
- Susan Payne
- Russ Quinn
- Joel Reichenberger
- Mary Roth
- Kim Ruberti
- Nick Scalise
- Robin Schmahl
- Beth Schweitz
- Philip Shaw
- Elaine Shein
- Pamela Smith
- Richard Smith
- DTN Staff
- ShayLe Stewart
- Lin Tan
- Tara Trenary
- Emily Unglesbee
- Doug Webster
- Teresa Wells
- Matt Wilde
- Scott Williams
- Elizabeth Williams
- Lance Woodbury
- Cheri Zagurski