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

  • (DTN photo by Nick Scalise)

    DTN Before The Bell Livestock

    Active contracts of cattle, feeders and lean hogs all traded higher Tuesday from the start, finding support after last week's selling and, in the case of cattle, getting some help from colder conditions in the western U.S. Plains...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell Livestock

    Active contracts of cattle and feeders are steady to lower and hogs are trading lower to start the week. Friday's on-feed report was bearish for cattle prices, but the early arrival of winter weather may offer some support...

  • November soybeans closed at $10.62 1/4 Thursday, near its highest price for the November contract in over four years. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    As U.S. soybean prices trade near their highest level in four years, the choice as to when to sell becomes more complicated.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CDT Friday, Oct. 9. (Logo courtesy of USDA)

    USDA Reports Preview

    After finding less corn and soybean stocks on Sept. 1 than expected, USDA will present new balance sheets for 2020-21 on Friday.

  • USDA will release its Sept. 1 Grain Stocks and Small Grains Summary reports at 11 a.m. CDT on Wednesday, Sept. 30. (Logo courtesy of USDA)

    USDA Reports Preview

    At 11 a.m. CDT on Wednesday, Sept. 30, USDA will release its reports of Sept. 1 Grain Stocks and Small Grains Summary. The reports will provide a check on old-crop ending corn and soybean stocks...

  • DTN's National HRW Wheat Index closed at $4.57 Thursday, Sept. 24, down from a recent challenge of its one-year high at $4.79. Despite expectations for an eighth year of higher world ending wheat stocks in 2020-21, there are bullish hopes for U.S. HRW wheat prices in 2021. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    USDA is estimating record high world ending wheat stocks in 2020-21. So why are cash HRW wheat prices challenging one-year highs?

  • November soybeans have been on a tear for six weeks, boosted by a rash of export sales, mostly to China. Predicting the high in an emotional market is not realistic, but the 2018 high of $10.60 1/2 offers an interesting reference point to consider. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    I can't predict where soybean prices will peak, but the 2018 high of $10.60 1/2 offers an interesting comparison.

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

    USDA Reports Preview

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

  • (DTN photo by Nick Scalise)

    DTN Before The Bell Livestock

    Active contracts of cattle, feeders and hogs are all starting modestly higher early Friday, finding possible support in cattle prices and benefiting from increased pork exports in the cash of hog prices. Outside markets are...

  • The low of $7.12 in DTN's National Soybean Index occurred on Sept. 18, 2018, less than three months after China slapped a tariff on U.S. soybeans. Since then, prices gradually cycled higher and are now near their highest prices in two years -- a bullish surprise in the year of coronavirus. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    In spite of numerous bearish hurdles, the path of least resistance for cash soybean prices has been gradually higher for nearly two years.

  • (Illustration by Nick Scalise)

    DTN's Quick Takes

    OMAHA (DTN) --December corn is down 1/2 cent per bushel, November soybeans are up 3 cents, December KC wheat is down 2 cents, December Chicago wheat is down 1 1/4 cents and December Minneapolis wheat is down 3 cents.

  • A Saturday drive saw this glimpse of bin damage at Heartland Co-op in Luther, Iowa -- a result of the derecho that swept across central Iowa on Monday, Aug. 10. (Photo by DTN Lead Analyst Todd Hultman)

    Todd's Take

    A Saturday drive through western Iowa got me wondering just how big the corn loss in Iowa might be from last week's severe winds and hail.

  • Managed futures funds have been comfortably net-short in corn for most of 2020 but were challenged this week by a dry forecast that threatens to trim USDA's record yield estimate. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Managed futures funds have been net-short in corn for most of 2020 and have only been briefly challenged once. This week's rally represents a second challenge and may offer producers a chance for a better selling opportunity.

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

    USDA Reports Preview

    Traders are bracing for what is expected to be a bearish World Agricultural Supply and Demand Estimates (WASDE) report.

  • As of Aug. 6, 2020, five ag commodities with positive returns outperformed the S&P 500 and show bullish potential for the rest of 2020. (DTN ProphetX chart)

    Todd's Take

    COVID-19 caused extensive harm to the economy and damaged the bulk of commodity prices in 2020. In the past three months, however, five ag commodities have posted positive gains and outperformed the S&P 500, an interesting...

  • (DTN photo by Nick Scalise)

    DTN Before The Bell Livestock

    Contracts of cattle, feeders and hogs are starting slightly lower early Wednesday, cautious in the case of cattle and feeders as traders encounter five-month highs. Outside markets are favorable for livestock early Wednesday...

  • After a sharp drop early in 2020, December soybean oil found support and is one of a handful of ag commodities currently outperforming the S&P 500. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Soybean crop ratings are high and November prices are struggling to get above $9.00. Amid several bearish concerns for soybeans in 2020, one bright spot is soybean oil.

  • (DTN photo by Nick Scalise)

    DTN Before The Bell Livestock

    Contracts of cattle, feeders and lean hogs were all a little lower early Friday after cattle and feeders neared their highs for July. Hog futures continue to struggle at depressed levels, finding little help in a tough market...