Vegetable oil prices have been trending higher together since June 2020. That is starting to change.
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
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The three U.S. wheats are about to start a new 2021-22 season with three different technical looks.
More From This Author
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Todd's Take
For almost a year, soybean oil prices had been trading relentlessly higher. That all changed this past week when oil refiners got on the phone.
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USDA Report Preview
What to expect from the World Agricultural Supply and Demand Estimates (WASDE) report to be released on Thursday, June 10.
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Todd's Take
Cursed with the lowest good-to-excellent crop rating since 1988, spring wheat prices have the potential to go even higher.
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Inside the Market
Early indications are that China's demand for corn and soybeans will remain strong in 2021-22. DTN Lead Analyst Todd Hultman explains why.
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Todd's Take
The month of May began with commercials bidding cash corn up to astonishing levels. Rain then showed up in the forecasts and took prices more than $1 per bushel lower before Thursday's trade turned limit up.
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DTN's Quick Takes
OMAHA (DTN) --After the Sunday evening open, July corn is down 9 1/2 cents, July soybeans are down 7 1/4 cents, July KC wheat is down 5 1/4 cents and September Minneapolis wheat is down 6 1/2 cents. Beneficial precipitation fell...
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Todd's Take
For a crop estimated to have the tightest ending supplies in seven years, there is something odd about recent weakness in cash soybean prices.
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Todd's Take
Earlier this week, corn prices traded above $7 and soybeans were above $16. Why are so many expecting the bottom to fall out?
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USDA Reports Preview
What to expect from the World Agricultural Supply and Demand Estimates (WASDE) report, to be released on Wednesday, May 12.
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Todd's Take
Making historical comparisons is difficult as circumstances are never the same. We look at one fundamental metric for comparing today's corn price to previous highs.
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Inside the Market
For corn and soybeans, understanding the seasonal patterns of each has been a helpful tool guiding risk-management decisions for decades. Is that still the case after 2020?
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Todd's Take
New-crop corn prices are trading near their highest level in over seven years, supported by many bullish factors. Does it make sense to buy a put option in 2021?
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Todd's Take
According to USDA, the U.S. will have 1.35 billion bushels of corn at the start of the new 2021-22 season. That is not what corn prices at $6.00 and higher are saying in April.
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Todd's Take
With so many bullish factors working for soybean prices in 2021, I suspect many are considering ways to increase their risk.
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USDA Reports Preview
On Friday, April 9, USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
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Todd's Take
Before Wednesday, March 31, December corn was looking toppy for a lot of reasons. USDA's reports changed that on Wednesday.
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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.
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USDA Reports Preview
A preview of USDA's latest Prospective Plantings and March 1 Grain Stocks reports that will be released on Wednesday, March 31.
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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?