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, April 9. (USDA logo)

    USDA Reports Preview

    On Friday, April 9, USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

  • Before Wednesday, March 31, December corn was falling back from its recent high of $4.85 3/4 and even closed below its 50-day average on Tuesday in anticipation of a bearish USDA report. By Wednesday's close, it was apparent the uptrend for December corn was not yet over. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Before Wednesday, March 31, December corn was looking toppy for a lot of reasons. USDA's reports changed that on Wednesday.

  • (Progressive Farmer image by Jim Patrico)

    Inside the Market

    There's a lot of head shaking about how quickly U.S. grain markets have gone from surplus to tight supply conditions.

  • On March 18, July KC wheat fell to a new two-month low and closed below the 100-day average for the first time since late-August; the first bearish change in trend among major U.S. crops. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Out of the big three U.S. crops, KC wheat becomes the first to break out of its uptrend in 2021. What more can we expect?

  • Thursday's close of $5.35 per bushel for DTN's National Corn Index suggests roughly 1.10 billion bushels of ending corn stocks for 2020-21, 400 million bushels less than USDA is currently estimating. (DTN ProphetX chart)

    Todd's Take

    USDA's latest announcements add to the pile of corn China has been buying from the U.S. and raise difficult questions about just how tight supplies actually are.

  • Spot soybean meal prices broke to a new low in China Wednesday and fell further Thursday, likely pressured by concerns about a resurgence of African swine fever. So far, U.S. soybean prices are not fazed. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Soybean meal prices in China have fallen 16% from their January high, and the return of African swine fever seems to be reason. Will this threat to China's feed demand put an end to the soybean rally?

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Tuesday, March 9. (Logo courtesy of USDA)

    USDA Reports Preview

    What to expect on Tuesday, March. 9, when USDA releases its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

  • For the week ending Jan. 28, USDA reported 231 million bushels of corn sold to China. Given the rules of reporting, it is possible the sales were made much earlier, when U.S. corn prices were much cheaper. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Last week's trade recommendations were met with a chorus of boos on Twitter. This week, I share constructive comments from market veterans.

  • (Progressive Farmer image by Pamela Smith)

    Inside the Market

    Unfortunately, coronavirus is still with us, but its bearish influence on crop prices has been replaced by bullish pressure thanks to remarkably large and unexpected purchases of corn and soybeans by China.

  • In 30 short years, China has emerged as the most powerful influence in U.S. ag markets. Here in 2021, U.S. trade policies have yet to adapt to the new challenges China presents. (Photo by DTN Lead Analyst Todd Hultman)

    Todd's Take

    The U.S. trade dispute with China has largely been focused on U.S. technology companies and intellectual property concerns. It's time U.S. agriculture addressed its own issues with China.

  • On Wednesday, Feb. 10, March soybeans closed below their 30-day average for the first time since the rally began in mid-August. Fundamentally, it remains difficult to see any reason to expect significantly lower soybean prices. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Wednesday's 47 3/4-cent drop in March soybeans inflicted slight technical damage to the chart, but it remains difficult to expect lower soybean prices ahead.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Tuesday, Feb. 9. (Logo courtesy of USDA)

    USDA Reports Preview

    What to expect on Tuesday, Feb. 9, when USDA releases its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

  • January's meteoric rise and fall in the share price of the company GameStop says a lot about market behavior many would not like to admit. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    January's meteoric rise and fall in the stock price of the company GameStop is an uncomfortable reminder for ag risk managers.

  • (Progressive Farmer image by Jim Patrico)

    Inside the Market

    Two major market factors that will carry into 2021 are COVID-19 and China's unquenchable appetite for feed grains and oilseeds -- one bearish and one bullish.

  • With help from rising prices of corn and soybeans, and from Russia's lower-than-expected wheat surplus, KC wheat is trading at its highest spot prices in six years. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Until this month, spot KC wheat prices slugged it out below $6.00 for nearly six years. Do prices deserve to trade higher?