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 Monday, Sept. 12. (USDA logo)

    USDA Reports Preview

    What to expect from USDA's September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports, which will be released on Monday, Sept. 12.

  • From 2014 to early 2020, spot corn prices were well contained, trading between $3 and $4.50 a bushel, while the ending corn surplus remained stable, near 2 billion bushels. Today's corn supplies are much tighter and prices are more volatile, which is a more chaotic environment with a cluster of impediments to production that are not going away easily. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    In the early 1960s, a gifted mathematician on his way to creating a new form of geometry turned his attention to cotton prices and financial markets. Several decades later, his observations remain as relevant as ever.

  • (Barry Falkner)

    Inside the Market

    What would we do if missiles rained down on the U.S.? Where would we get food and basic necessities? Now think about Ukraine.

  • Long positions held by speculators in KC wheat recently fell to their lowest level in seven years, largely due to worries about the economy and ships carrying grain from Ukraine. After last weekend, wheat prices appeared to find support after China declared a national drought alert, one more item on a long list of interconnected hurdles for world grain production in 2022. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Ever since the pandemic of 2020 gave way to the realization of a production deficit of corn in China, the list of bullish market factors has continued to grow. This year, just about every important waterway in Europe and now...

  • In the August WASDE report, USDA estimated the 2022-23 season will end with 123 mmt (or 4.52 bb) of world wheat stocks outside of China, the lowest in 15 years. It is difficult to imagine how high prices might go if a nuclear mishap were to happen at Zaporizhzhia, Ukraine, Europe's largest nuclear power plant. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    A disturbing report from NBCNews.com suggests either an unthinkable catastrophe is about to happen in Ukraine or another unfounded rumor will be tossed onto history's ever-growing scrap pile of false alarms. It is difficult to...

  • (Illustration by Nick Scalise)

    DTN's Quick Takes

    OMAHA (DTN) --December corn is down 17 cents per bushel, November soybeans are down 41 1/2 cents, September KC wheat is down 7 1/4 cents, September Chicago wheat is down 4 3/4 cents and September Minneapolis wheat is down 10...

  • These charts show a highly unusual situation where cash soybean meal in Illinois is trading far above the expiring August contract. At the same time, August soybeans are trading well above the cash soybean price in Chicago and there have been no deliveries in August soybeans yet. How much more bullish does this market need to get? (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    The current level of market demand for soybeans and soybean products is so strong that producers shouldn't have to worry about finding buyers for this year's harvest.

  • (David L. Hansen, University of Minnesota)

    Inside the Market

    It's not just that corn prices turned bearish, it is more that prices turned bearish at a time when there are still important bullish fundamental risks in the market.

  • This photo was posted on the Facebook account of the General Staff of the Armed Forces of Ukraine, an eerie reminder of the dangers encountered by Ukrainian farmers in 2022, but not necessarily the only way farmers are suffering in this war.

    Todd's Take

    A recent webinar by Agricultural Market Information System (AMIS) revealed uncomfortable realities about the state of farming in Ukraine, raising questions about the future of Ukraine itself.