Todd Hultman

DTN Grains 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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  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn fell 3 3/4 cents and November soybeans were down 7 cents, both finishing the day at new contract lows with the anticipation of big harvests weighing on prices. Winter wheat prices also ended lower in spite of...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December contracts of all three U.S. wheat contracts closed higher Friday and were slightly higher on the week, possibly finding support near this year's previous lows. December corn ended a little higher while November soybeans...

  • After USDA posted a new record-high corn yield of 181.3 bushels an acre on Wednesday, DTN's national index of cash corn prices fell to $3.13, close to the same price as a year ago, even though the outlook for corn demand is much better this year than it was a year ago. (DTN ProphetX chart)

    Todd's Take

    Much like Charlie Brown trying to kick the football, we continue to rediscover that we're not very accurate at making early corn yield estimates.

  • USDA will release its WASDE report at 11 a.m. CDT Wednesday. (Logo courtesy of USDA)

    USDA Reports Preview

    What to expect from the latest USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, which will be released at 11 a.m. CDT on Wednesday, Sept. 12.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Trading volume was relatively light Monday, but all three wheat contracts posted double-digit gains, bouncing back from last week's four-day losing streak. Corn and soybeans were slightly higher with traders behaving cautiously...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn was up 3/4 cent and November soybeans were up 4 3/4 cents, both showing light volume and finishing the week close to where they left off last Friday. Wheat prices, on the other hand, ended their bearish week with...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December contracts of all three wheats slid lower for a third consecutive day this week, pressured by a mix of improved soil moisture in the Southern Plains and noncommercial liquidation. Corn and soybeans held small gains, ahead of...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    The old adage "rain makes grain" probably wasn't created with the month of September in mind, but we have to wonder if traders are aware of the limitation. New-crop contracts of corn and soybeans, along with all three wheats...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn ended up 3 1/4 cents Tuesday with help from flooding concerns after a wet weekend across the central Midwest. Soybeans were slightly higher, but all three wheats posted double-digit losses after Russia's Ag Ministry...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After a month of trading lower, commercial buyers emerged Friday, lifting prices of corn, soybeans, and all three wheats in front of the Labor Day weekend. Outside commodities were mixed, but the September U.S. dollar index traded...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Even though the U.S. and Mexico announced a new trade agreement Monday, grain prices had no time to celebrate, staying under bearish pressure while big fall row crops are expected. New-crop contracts of corn, soybeans, and all...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December contracts for all three wheats finished lower for a fifth consecutive day as the bullishness of this month's earlier dry weather concerns continue to come apart. Corn and soybeans showed slight gains on light volume...

  • Thursday's close in December soybean meal saw prices fall to a new low for 2018, a bearish technical break for noncommercials, last seen holding over 100,000 contracts net long (DTN ProphetX chart).

    Todd's Take

    Friday is not over yet, but for grain producers, the previous four days have been bearish enough.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    New-crop corn, soybeans, and all three wheats closed lower again Thursday, as crops struggle to entice buyers ahead of the fall's row-crop harvest. Traders are still waiting to hear any word from this week's trade meeting...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn fell lower for a fourth consecutive day while November soybeans posted a second lower close, both influenced by favorable August weather and a lack of motivation for potential buyers of row crops. December Chicago...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Moderate summer temperatures and a decent coverage of rain the past few days kept bearish pressure on prices of row crops and wheat Tuesday. Most other commodities were higher after President Trump let it be known again...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Rain over the weekend in the western Plains and in the central Midwest on Monday brought lower prices of corn and wheat on Monday, while soybeans were able to hold a slight gain. All three wheats had double-digit losses, nearly...

  • DTN Early Word Grains

    December corn was up 1/4 cent, November soybeans were up 10 1/4 cents, and December K.C. wheat was down 2 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December contracts of all three wheats closed higher Friday, spurred by an early morning rally in Europe, which appears related to an unconfirmed rumor that Russia may be considering curbing its grain exports. Row crops were...

  • This chart shows how December 2018 corn prices were trading below their year-ago levels from mid-June to late-July. Thursday's higher close put December 2018 corn back above its 2017 price, and that should continue into the new season. (DTN ProphetX chart)

    Todd's Take

    In August 2017, USDA estimated a higher-than-expected corn yield and prices collapsed at the end of the year. USDA did the same thing last Friday, but so far, corn prices aren't collapsing.

  • DTN Early Word Grains

    December corn was up 2 1/4 cents, November soybeans were down 3/4 cent, and December K.C. wheat was up 16 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans jumped 28 cents higher Thursday with shorts on the run after news broke that China is sending a delegation of officials to Washington later this month to talk trade. Corn and wheat prices also joined...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of corn, soybeans and all three wheats finished lower Wednesday, along with nearly all commodities, except for livestock. Along with general commodity price concerns, grains and soybeans were also pressured by...

  • DTN Early Word Grains

    December corn was down 2 cents, November soybeans were down 6 1/2 cents, and September Chicago wheat was down 5 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December soybean meal closed up $9.00 Tuesday, becoming the first grain-related contract to erase Friday's big loss, thanks to resilient commercial demand for meal. November soybeans were up 11 cents and December corn was up 6...

  • DTN Early Word Grains

    December corn was up 1 1/4 cents, November soybeans were down 2 1/4 cents, and September Chicago wheat was up 3 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of all three wheat posted double-digit losses Monday, pressured by lower prices in Europe and rain in the forecast ahead of the next winter wheat planting. Soybeans were able to post a modest gain with help...

  • DTN Early Word Grains

    December corn was down 3 3/4 cents, November soybeans were down 8 1/2 cents, and September Chicago wheat was down 7 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of corn, soybeans, and all three wheats tumbled lower Friday after USDA estimated a new record U.S. corn yield and a new record U.S. soybean crop. Wheat prices also fell lower in sympathy, even though USDA's...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of corn, soybeans and all three wheats were lower Thursday, a victim of pre-report jitters even while the northwestern U.S. is dealing with a stretch of hot and dry weather. The September U.S. dollar index...

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

    USDA Reports Preview

    With U.S. corn in dough stage and soybeans setting pods, USDA will reveal the findings of its first farm surveys of 2018 and post new yield estimates for row crops when it releases its latest Crop Production and World Agricultural...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Wednesday's trade was marked by low volume in the more popular grain contracts, but larger gains were seen in spring wheat, oats, and canola as concerns of hot and dry weather in the northwestern Plains received attention.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans closed up 12 1/4 cents Tuesday, helped by a lower good-to-excellent crop rating from USDA and concerns about a lack of rain at pod-setting time. Winter wheat prices fell back from Monday's highs in an...

  • DTN Early Word Grains

    December corn was up 2 cents, November soybeans were up 9 1/4 cents, and September Chicago wheat was up 10 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of all three wheats closed with double-digit gains Monday, continuing to find support from dry weather concerns in several of the world's wheat regions. Soybeans ended lower on light volume with potential...

  • DTN Early Word Grains

    December corn was up 1/2 cent, November soybeans were down 5 1/4 cents, and September Chicago wheat was up 2 1/2 cents.

  • Thursday looked like another bullish day for Chicago wheat, especially after new 2018 highs triggered heavy buying volume. The sudden rally did not last long however, related to comments from Ukraine, which were apparently misunderstood (DTN ProphetX chart).

    Todd's Take

    Dry weather concerns, misreported news and tariff announcements are keeping traders on edge.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of winter wheat were trading up over 30 cents at one brief point Thursday morning, but quickly fell back, ending with modest gains for the day. Mimicking wheat in a smaller way, December corn ended up 1 3/4...

  • DTN Early Word Grains

    December corn was up 2 1/2 cents, November soybeans were down 8 cents, and September Kansas City (HRW) wheat was up 9 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Reports that the White House is preparing to increase tariffs on Chinese goods even further, plus a more moderate shift in the six-to-10 day forecasts, sent corn and soybean prices lower Wednesday. Winter wheat managed modest...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    The final day of July saw higher closes again throughout the grain sector, this time led by a 28-cent gain in November soybeans after Bloomberg news reported officials from the U.S. and China were having private talks in hopes of...

  • DTN Early Word Grains

    December corn was up 2 1/4 cents, November soybeans were up 6 cents, and September Kansas City (HRW) wheat was up 1 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After a summer of mostly favorable growing weather across the Midwest, conditions are turning drier as we come to the end of July and that is raising some concern about how crops will fare in 2018. September contracts of corn...

  • DTN Early Word Grains

    December corn was up 3 cents, November soybeans were up 6 1/2 cents, and September Kansas City (HRW) wheat was up 10 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Soybeans didn't trade much volume Friday, but they did finish 9 1/4 cents higher on the day as prices continue to claw back from their lowest levels in over nine years. Corn was slightly higher and wheat contracts were mixed with...

  • The chart of September Chicago wheat shows how prices chopped in a narrow range from late June to early July while dry weather concerns were gradually increasing. The new five-week high on July 25, confirmed a bullish change in trend, which now coincides with USDA's outlook for lower ending world stocks in 2018-19. (DTN ProphetX chart)

    Todd's Take

    As mentioned last week, wheat fundamentals have been changing gradually, but not until Wednesday did wheat's price charts confirm a bullish change.

  • DTN Early Word Grains

    December corn was down 1 cent, November soybeans were up 3 3/4 cents, and September Kansas City (HRW) wheat was down 5 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of winter wheat gave back part of Wednesday's big, 30-cent plus gains as bullish enthusiasm cooled on Thursday. November soybeans were up 20 cents at one point early, but finished up just a quarter-cent...

  • DTN Early Word Grains

    December corn was up 4 3/4 cents, November soybeans were up 16 3/4 cents, and September Kansas City (HRW) wheat was up 7 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of all three wheats jumped over 30 cents higher Wednesday, prompted by dry weather concerns in Europe and Europe's highest prices for milling wheat in three years. December corn also benefited from...

  • DTN Early Word Grains

    December corn was up 2 3/4 cents, November soybeans were down 4 1/2 cents, and September Kansas City (HRW) wheat was up 9 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans closed up 10 1/2 cents Tuesday for no obvious reason and in spite of a favorable 70% good-to-excellent crop rating from USDA Monday afternoon. Corn and wheat prices were not as puzzling, ending lower after...

  • DTN Early Word Grains

    December corn was down 4 1/2 cents, November soybeans were down 5 cents, and September Kansas City (HRW) wheat was down 5 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Light trading volume marked the entire grain sector, but September Minneapolis wheat finished with a 7-cent gain while other contracts were mixed. December corn was up 2 1/4 cents, earning a sixth consecutive gain while November...

  • DTN Early Word Grains

    December corn was up 1 1/4 cents, November soybeans were up 3/4 cent, and September Kansas City (HRW) wheat was up 3 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September Minneapolis wheat jumped up 17 cents Friday, boosted by increased drought in the Pacific Northwest and talk of wildfires burning wheat fields in Oregon. U.S. winter wheat prices also traded higher with ongoing dry weather...

  • This chart shows USDA's estimated ending wheat stocks for the world's top seven exporters in 2018-19. DTN Contributing Analyst Joel Karlin showed this group's ending stocks to be the lowest relative to annual use since 2012-13, a season when wheat prices traded much higher. (Chart based on USDA's July WASDE report)

    Todd's Take

    The 2018-19 ending stocks-to-use ratio for world wheat at 35% is among the highest on record. DTN Contributing Analyst Joel Karlin reminded us this week that for wheat, it's not the best way to keep score.

  • DTN Early Word Grains

    December corn was up 1 1/4 cents, November soybeans were down 1 1/2 cents, and September Kansas City (HRW) wheat was up 5 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    New-crop corn, soybeans and all three wheats finished higher Thursday, given a boost by hot and dry conditions in the southern Plains and expectations for increased drought in the southern Plains and Pacific Northwest. Outside...

  • (DTN file photo)

    DTN Early Word Opening Livestock

    Expect lean hog contracts to begin in a mixed basis thanks to a residual of selling on one hand and short covering on the other. The cattle complex is likely to stay firm after the August futures broke to a new three-month high...

  • DTN Early Word Grains

    December corn was down 1/4 cent, November soybeans were down 4 1/4 cents, and September Kansas City (HRW) wheat was unchanged.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After two days of active trading, the grain sector took a break Wednesday and settled near Tuesday's closes on light volume. Corn and soybeans were a little higher while all three wheats ended lower.

  • DTN Early Word Grains

    December corn was up 2 cents, November soybeans were up 4 1/4 cents, and September Kansas City (HRW) wheat was up 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    With the flick of a switch, USDA reduced crop ratings for corn and soybeans late Monday and traders responded with eagerness to buy corn, soybeans, and all three wheats Tuesday. Commercial buying in most grains also had help...

  • DTN Early Word Grains

    December corn was up 3 1/4 cents, November soybeans were up 4 cents, and September Kansas City (HRW) wheat was up 6 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans gained 11 1/2 cents Monday while September K.C. wheat was down 8 1/2 cents in a quiet day of trading that also saw December corn inch up a half-cent. NOPA's soybean crush estimate of 159.2 million bushels for...

  • DTN Early Word Grains

    December corn was down 1 1/4 cents, November soybeans were down 4 1/4 cents, and September Kansas City (HRW) wheat was down 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn was down 4 1/2 cents and November soybeans dropped another 15 cents to their lowest November close in nine years as both continue to find buyers scarce, while crops are in good shape and the forecast looks...

  • USDA's estimate of world ending corn stocks is currently at 14% of annual use for 2018-19, the lowest since 1995-96. With anticipated supplies relatively tighter in the new-crop season, it is fair to ask why prices aren't higher. (DTN ProphetX chart)

    Todd's Take

    USDA is predicting the lowest ending corn stocks relative to use in over 20 years, but corn prices are in the dumps. What gives?

  • DTN Early Word Grains

    December corn was down 2 3/4 cents, November soybeans were down 7 1/2 cents, and September Kansas City (HRW) wheat was up 5 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn was up 6 cents and September Chicago wheat was up 12 3/4 cents after USDA helped with lower-than-expected world ending stocks estimates of corn and wheat. Soybeans held on to a 1-cent gain, even though their...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    On a day when most commodities were trading lower after the U.S. proposed another round of new tariffs, December corn, November soybeans and September Chicago wheat all fell to new lows, one day before USDA's next WASDE report.

  • DTN Early Word Grains

    December corn was down 4 1/4 cents, November soybeans were down 15 3/4 cents, and September Kansas City (HRW) wheat was down 7 3/4 cents.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT Thursday, July 12. (Logo courtesy of USDA)

    USDA Reports Preview

    What to expect from the latest USDA Crop Production and World Agricultural Supply and Demand Estimates reports, which will be released at 11 a.m. CDT on Thursday, July 12.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn fell lower, but stopped short of a new closing low after USDA showed another high crop rating late Monday. All three wheats fell back toward recent lows while November soybeans ended slightly lower with current...

  • DTN Early Word Grains

    December corn was down 2 1/2 cents, November soybeans were down 1 3/4 cents, and September Kansas City (HRW) wheat was down 6 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans posted the largest percentage loss Monday, taking back most of Friday's unexplainable gains, while also leading corn and wheat prices lower. This week's USDA reports are likely to show higher crop estimates for...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    The old expression, "buy the rumor and sell the fact" was turned upside down Friday when November soybeans climbed 38 3/4 cents higher after the U.S. and China unleashed $34 billion of new tariffs each, including a 25% penalty on...

  • This chart shows the U.S. trade balance of goods and services from 1992 to April 2018. The biggest reduction in the trade deficit happened during the financial panic of 2008-09. Should we have another meltdown to reduce the deficit? (Chart by Fred.StLouisFed.org)

    Todd's Take

    The trade dispute with China is heating up, but it needs to be said that part of the U.S. argument is based on a poor understanding of trade deficits.

  • DTN Early Word Grains

    December corn was down 1/2 cent, November soybeans were up 3/4 cent, and September Kansas City (HRW) wheat was down 1 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    K.C. wheat turned in the highest percentage gain in the grain sector with the September contract posting a 19 1/4 cent gain Thursday. November soybeans were down 8 1/2 cents with traders waiting for Friday's tariff increases...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    Tuesday's closes: December corn was up 5 1/4 cents, November soybeans were down 5 1/4 cents, and September Kansas City (HRW) wheat was up 13 1/4 cents.

  • DTN Early Word Grains

    December corn was up 5 1/4 cents, November soybeans were down 5 1/4 cents, and September Kansas City (HRW) wheat was up 13 1/4 cents. (Tuesday's close)

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn and September contracts of all three wheats took back part of Monday's losses in a holiday-shortened session, marked by light volume. November soybeans ended down 5 1/4 cents with concerns about China's new...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After a higher start to the day, corn, soybeans and winter wheat all fell back near their recent lows with the largest percentage losses in winter wheat. So far, investors continue to ignore flooding problems and are keeping a...

  • DTN Early Word Grains

    December corn was unchanged, November soybeans were up 2 cents, and September Kansas City (HRW) wheat was up 11 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September contracts of Chicago and K.C. wheat traded higher Friday -- even before USDA's reports were released -- and finished with double-digit gains on the final day of the calendar's second quarter. December corn gained 5 1/4...

  • DTN's national average of cash soybean prices closed at $8.02 Thursday, its lowest close in over nine years. There are no signs of bottoming yet, but it is fair to wonder how low prices might go in 2018. (DTN ProphetX chart)

    Todd's Take

    There are no signs of soybean prices bottoming yet, but that doesn't stop us from wondering how low prices might go.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    A half hour before the close, December corn and November soybeans appeared on their way to a quiet close when suddenly, plans changed and prices dropped in the final minutes, accompanied by heavy selling volume as some seemed...

  • DTN Early Word Grains

    December corn was down 1 cent, November soybeans were down 3 1/2 cents, and September Kansas City (HRW) wheat was down 1/4 cent.

  • USDA will release its Acreage and quarterly Grain Stocks reports at 11 a.m. CDT Friday. (Logo courtesy of USDA)

    USDA Reports Preview

    What to expect from the latest USDA Acreage and Grains Stocks report, which will be released at 11 a.m. CDT on Friday, June 29.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn was unchanged and November soybeans were up 1 1/2 cents Wednesday, not straying far from Tuesday's closes with trading quiet ahead of Friday's Acreage and Grain Stocks reports. Winter wheat ended modestly higher...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Soybeans and all three wheats followed Monday's losses with more losses on Tuesday as neither crop is offering buyers much attraction these days. December corn was a little higher while outside commodities were mixed.

  • DTN Early Word Grains

    December corn was up 1/4 cent, November soybeans were up 2 cents, and September Kansas City (HRW) wheat was down 3 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Nearly all commodities and major stock markets were lower Monday as investors showed disapproval again over rising trade tensions. Grains in particular were sharply lower with added pressure from more rain in this week's forecast...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After a week that saw trade concerns increase and too much rain in some areas, July soybeans jumped up 14 cents Friday, trimming back their losses for the week while July soybean meal closed up $7.30 with help from commercial...

  • Noncommercial traders usually exhibit trend-following behavior, but this summer is different. Noncommercial longs are holding their largest position on record and don't seem to care that prices have dropped nearly 47 cents in a month. (DTN ProphetX chart)

    Todd's Take

    Unusual noncommercial behavior in corn raises new questions in 2018-19.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Grains welcomed the summer solstice with higher prices of corn and wheat while July soybeans fell 9 cents to another new two-year low among spot prices. August crude oil is trading up 25 cents ahead of Friday's much-anticipated...

  • DTN Early Word Grains

    July corn was down 1 cent, July soybeans were down 7 1/2 cents, and September Kansas City (HRW) wheat was down 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Trading in grains was quieter with no significant news on the trade front, but September Chicago wheat became Wednesday's exception, climbing 9 3/4 cents with unexpected support from commercial buying. Corn and soybeans finished...

  • DTN Early Word Grains

    July corn was up 1 3/4 cents, July soybeans were up 3 3/4 cents, and July Kansas City (HRW) wheat was up 6 3/4 cents.