Todd Hultman

DTN Grains Analyst
Todd Hultman

Todd Hultman is a DTN grains 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 Dailyfutures.com, an online educational resource for futures traders. That same strong interest to research and teach brought a Todd to DTN where he looks forward to 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

    July soybeans fell another 13 cents Friday, extending Thursday's new one-year low as buying evaporated ahead of Memorial Day weekend. July corn was up a nickel and July Chicago wheat was up 7 1/2 cents, helped by commercial...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans finished with their lowest close in eight months Thursday as the anticipation of record plantings continues to weigh on prices. Corn and winter wheat contracts ended a little lower in another day of low-volume...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July Minneapolis wheat closed up 6 3/4 cents Wednesday, the largest gain among grain-related contracts, thanks to a third consecutive day of commercial buying. July corn ended a little higher and July soybeans were steady with...

  • DTN Early Word Grains

    July corn was down 1/4 cent, July soybeans were up 1/4 cent, and July Chicago wheat was down 1 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all closed lower Tuesday, ruled a death by suffocation as virtually no buying interest emerged in spite of a wet seven-day forecast ahead for the eastern Midwest. July soybean oil fell 0.60 after palm oil...

  • The 31-cent drop in July soybean prices on May 18 was related to a 6.5% drop in Brazil's real and was unexpected to many, but may have been deviously orchestrated. Source: DTN ProphetX. (DTN chart)

    Todd's Take

    Last Thursday's 6.5% drop in Brazil's real was a black swan event for most, but it may have been a multi-million-dollar bonanza for a few.

  • DTN Early Word Grains

    July corn was down 2 3/4 cents, July soybeans were down 5 1/2 cents, and July Chicago wheat was down 3 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybean contracts both closed modestly higher Monday on lighter trading volume and, in the case of corn, were reluctant to trade at new highs. Winter wheat contracts started the day higher, but ended a little lower as...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After a week of scandals in the news, commercials responded to this week's lower grain prices with buying across the board on Friday. Winter wheat prices especially were lifted by renewed concerns of too much rain in the Southern...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 2 1/2 cents, July soybeans were up 5 1/2 cents, and July Chicago wheat was up 3 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Soybeans, meal, and oil all closed sharply lower in the wake of scandal-related selling that saw Brazil's real trade down over 8% at one point on Thursday. Corn and wheat prices were also lower in spite of the anticipation of more...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 6 1/4 cents, July soybeans were down 20 3/4 cents, and July Chicago wheat was down 2 1/2 cents.

  • On May 10, USDA estimated corn will have its first world production deficit in seven years, a possible change in the bearish dynamic, if the estimate holds true. (DTN ProphetX chart)

    Todd's Take

    USDA estimates corn will have its first world production deficit in seven years, but will that hold true?

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and wheat prices finished lower Monday after a weekend of warmer weather allowed for more corn planting progress and spurred hopes for a recovery among winter wheat crops. Soybeans were steady to higher in spite of...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 1/2 cent, July soybeans were up 4 cents, and July Chicago wheat was down 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July corn ended up 1 3/4 cents and July soybeans were down 3 1/4 cents after a quiet trading session Friday while more planting work was being done on fields across the Midwest. July soybean oil and July canola posted the largest...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybean futures finished lower with warmer and drier weather expected in the five-day forecast after Thursday's showers move out. Wheat contracts ended a little higher, finding support from commercial buying in spite of a...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 2 cents, July soybeans were up 3/4 cent, and July Chicago wheat was down 1/2 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July corn finished up 7 1/4 cents Wednesday after USDA predicted lower-than-expected world ending corn stocks for 2017-18. Soybeans saw a lower-than-expected estimate of U.S. new-crop ending stocks but ended down 3 3/4 cents...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 1 1/4 cents, July soybeans were down 1/4 cent, and July Chicago wheat was up 1 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July soybeans closed up 9 1/4 cents Tuesday, erasing Monday's loss with help from commercial buying in soybean meal while corn stayed quiet in front of USDA's next WASDE report on Wednesday. July Chicago wheat lost another 4...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 1 1/2 cents, July soybeans were up 1 cent, and July Chicago wheat was down 1/4 cent.

  • The weekly chart of Minneapolis wheat above shows commercials providing support to prices at previous lows (red arrows) and did so again in early-April. Source: DTN ProphetX. (DTN chart)

    Todd's Take

    While all eyes were on last week's hard red winter wheat tour, spring wheat was showing bullish changes of its own.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and wheat all closed lower Monday after a weekend of warmer weather allowed more row crop planting and helped winter wheat recover. Grains were also pressured by an unexpected jump in the U.S. dollar index after...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 3/4 cent, July soybeans were down 3 cents, and July Chicago wheat was down 3 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    While old-crop soybeans and soybean meal were a little lower Friday, most grain-related contracts finished higher Friday and for the week in the aftermath of last weekend's adverse weather. Soybean oil also closed higher after the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 2 1/2 cents, July soybeans were up 2 cents, and July K.C. wheat was up 2 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July K.C. wheat closed down 18 3/4 cents and July corn was down 8 1/4 cents, pressured by expectations for warmer and drier weather in the week ahead. July soybeans finished a penny lower on a day when most commodities and the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 3 1/4 cents, July soybeans were down 2 1/4 cents, and July K.C. wheat was down 5 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans closed modestly higher Wednesday in quiet trading while more rain moved across the southern Midwest. Winter wheat prices ended steady to lower while tour participants examined snow-covered wheat crops for...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans gave back part of Monday's gains with somewhat drier weather and warmer temperatures offering hope for better crop conditions in the extended forecast. Winter wheat prices were mixed with the July K.C...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 1 3/4 cents, July soybeans were up 2 1/2 cents, and July Chicago wheat was up 1/2 cent.

  • Friday's CFTC data showed noncommercial traders net short 130,036 contracts of Chicago wheat, the largest bearish bet on record. Previous big bets by noncommercials have not gone well (Source: DTN ProphetX).

    Todd's Take

    In front of last weekend's storms, noncommercial traders placed the largest bearish wheat bet in history.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July K.C. wheat closed up 28 1/2 cents Friday, just 1 1/2 cents shy of its daily price limit after adverse weather hit winter wheat crops over the weekend. Corn and soybeans were also higher with excess rain threatening spring...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 6 1/4 cents, July soybeans were up 9 3/4 cents, and July Chicago wheat was up 12 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    While there are plenty of weather concerns for all three crops heading into the weekend, trading was generally quiet and results were mixed on Friday. Corn and soybeans ended modestly lower while all three wheats finished a little...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 2 cents, July soybeans were unchanged, and July Chicago wheat was up 2 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July K.C. wheat closed up 8 1/2 cents Thursday, bouncing back from last week's new contract low with help from emerging weather threats to winter wheat. Corn and soybeans were steady to higher in a quiet day of trading, which...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 1 3/4 cents, July soybeans were up 1 1/2 cents, and July Chicago wheat was up 2 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July corn gave back a nickel Wednesday and July soybeans slid 8 1/2 cents lower, still mindful of bearish pressure from South American crops while the U.S. encounters a variety of planting hurdles. July Chicago wheat was slightly...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 1/2 cent, July soybeans were down 2 1/4 cents, and July Chicago wheat was up 1 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    One day after soybeans closed higher while corn and wheat stayed mixed, the latter two took a turn higher on Tuesday with emerging concerns about cold and wet weather in the forecast. Soybeans gave back part of Monday's gain...

  • DTN Early Word Grains

    July corn was down 1 3/4 cents, July soybeans were down 4 1/2 cents, and July Chicago wheat was down 1 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July soybean meal was the winner Monday among grain-related contracts and encouraged soybeans higher -- a sign of improved demand. July corn was a little higher while Chicago wheat was a little lower, both looking at forecasts...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was up 2 cents, July soybeans were up 7 cents, and July Chicago wheat was up 3 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July soybeans finished up 4 cents Friday, ending the week with just a nickel loss while the week's losses for corn and wheat were much greater. Corn and wheat were both slightly lower Friday in quiet trading while more rain worked...

  • Illustration by Nick Scalise

    DTN's Quick Takes

    OMAHA (DTN) -- As we near the close, July corn is up 1/2 cent, July soybeans are up 5 cents, and July Chicago wheat is up 1/4 cent. Friday's gains are not necessarily bullish, but at least they are giving prices a break after a...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May Chicago and K.C. wheat contracts fell to their lowest closes in 2017, pressured by improving crop conditions and an easing of this year's drought threat. Corn and soybeans also finished lower Thursday with the anticipation of...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn finished unchanged Wednesday, stuck in the mud with the rest of the planting equipment this year as Mother Nature continues to deliver a cool, wet spring across the Midwest. May soybeans were modestly higher with help...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 3/4 cent, May soybeans were up 4 1/2 cents, and May Chicago wheat was down 1/4 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn and May soybeans closed lower Tuesday with Brazil's second corn crop doing well and traders keenly aware of increased competition from South America this year. Winter wheat prices showed a small bounce, but May...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 cent, May soybeans were down 5 1/2 cents, and May Chicago wheat was up 3/4 cent.

  • Last week, November soybeans produced their 37th bullish outside weekly reversal since 2000. The previous 36 suggest this technical signal deserves respect (Source: DTN's ProphetX).

    Todd's Take

    Last week's outside weekly reversal in soybeans offers a hint of support.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May Chicago and K.C. wheat contracts led grains lower Monday with more rain expected to help crop conditions this week. May corn was also lower with Brazil's second crop also expecting rain this week and keeping conditions favorable.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 cent, May soybeans were up 1/2 cent, and May Chicago wheat was down 1 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn and soybeans closed moderately higher Thursday, the final day of this week's trading, with help from concerns about wet planting conditions in the U.S. and flooding in Argentina. Winter wheat, on the other hand, saw rain in...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Wednesday's trading session was quiet, but soybean and soybean meal prices benefited from early commercial buying, just one day after USDA increased its crop estimates for South America. May corn closed a couple cents higher...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1/4 cent, May soybeans were up 6 cents, and May Chicago wheat was down 1 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans ended a little lower Tuesday, but largely ignored USDA's bearish estimates in Tuesday's WASDE report. May Chicago wheat rebounded higher with help from noncommercial short-covering even though USDA's estimate of...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 3/4 cent, May soybeans were up 3/4 cent, and May Chicago wheat was down 1 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and wheat prices rebounded higher Monday, still finding support from USDA's planting estimates as traders get ready for USDA's WASDE report on Tuesday. May soybeans ended slightly lower with meal a little higher and May bean...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 2 1/4 cents, May soybeans were up 5 cents, and May Chicago wheat was up 3/4 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Friday's grain markets stayed relatively quiet and close to Thursday's closing prices in the aftermath of Thursday evening's news that the U.S. launched missiles into Syria. The U.S. dollar index is on track for its highest close in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1/4 cent, May soybeans were down 3/4 cent, and May Chicago wheat was down 1/4 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    The bearish slide in grain prices continued Thursday in spite of another week of bullish export news for corn and soybeans from USDA. Winter wheat prices remain under bearish pressure after last week's rain across the Southern...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Short-term daily charts have turned bullish for all three grains now, with soybeans joining the party Wednesday despite the daily auction of increased production estimates for Brazil. Outside markets were mixed, but losing some of...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn fell back nearly a nickel Tuesday, erasing Monday's gain as the excitement of Friday's USDA reports faded. May soybeans lost ground for the ninth time in the past 10 days as Brazil's new supplies continue to weigh on prices.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1/2 cent, May soybeans were up 2 1/2 cents, and May Chicago wheat was up 1 3/4 cents.

  • While 2017's USDA soybean estimates are remarkably similar to those issued a year ago, market clues showed important differences and May soybean prices went different directions in the month of March. (DTN chart)

    Todd's Take

    USDA's soybean estimates are similar to a year ago, but market clues are telling a much different story.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn traded higher all day, finishing up 3 1/2 cents with extended help from Friday's lower-than-expected planting estimate from USDA. May soybeans fell to their lowest close in nearly a year as crop estimates continue to grow...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 3 1/2 cents, May soybeans were up 2 3/4 cents, and May Chicago wheat was up 4 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans fell 9 1/4 cents Friday and old-crop beans dropped 17 cents after USDA estimated record soybean plantings in 2017. Corn and wheat prices on the other hand, posted decent gains thanks largely to USDA's lower...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1 1/4 cents, May soybeans were down 1 1/2 cents, and May Chicago wheat was up 1 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat ended down 6 1/4 cents at a new low for 2017 after this week's rain helped conditions across the Southern U.S. Plains. Soybeans were also lower with traders likely nervous about Friday's planting estimates from USDA...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 cent, May soybeans were down 4 1/4 cents, and May Chicago wheat was down 1 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Wednesday witnessed another day of quiet trading in grains with May corn and Chicago wheat earning small gains while May soybeans slipped 3 cents lower. The big winner was May Minneapolis wheat with a gain of 8 1/4 cents and help...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1 3/4 cents, May soybeans were up 1 1/4 cents, and May Chicago wheat was up 1 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn and soybeans eked out small gains at the end of a quiet day of trading with little happening ahead of Friday's USDA reports. May Chicago wheat was up 3 3/4 cents, showing decent support even as rain was falling in the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 2 1/2 cents, May soybeans were up 3 1/2 cents, and May Chicago wheat was up 2 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat fell 6 3/4 cents to its lowest close in 2017, pressured by rain in this week's forecast across the Southern U.S. Plains. Corn prices were mixed and soybeans modestly lower while the U.S. dollar index slid to its lowest...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans slid to a new five-month low on moderate volume, as the market had trouble finding buyers to take the other side on Friday. Corn ended slightly lower and May Chicago wheat was a few cents higher, but all major grain...

  • DTN Early Word Grains

    May corn was down 1/2 cent, May soybeans were down 7 cents, and May Chicago wheat was up 2 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn posted its lowest close in 2017 while May soybeans fell to its lowest close in five months as grain prices continue to suffer under the weight of favorable crop and harvest weather. May K.C. wheat fell to its lowest close...

  • DTN Early Word Grains

    May corn was down 1/2 cent, May soybeans were down 4 1/2 cents, and May Chicago wheat was up 1/2 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat were mostly lower again Wednesday with no significant weather threats to help bulls argue otherwise. Notable exceptions included a slight gain in November soybeans and a fifth consecutive higher close in...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Favorable South American weather and rain in this week's forecast for the U.S. continues to keep grain prices under bearish pressure. May corn and wheat ended lower Tuesday while soybeans eked out a small gain with help from a...

  • This chart shows a more profitable outcome for only owning cash soybeans in the six months following Nov. 30 (green line) versus owning cash soybeans perpetually (black line) in the years 1993 through 2016. Source: DTN's ProphetX software and Hultman. (DTN chart)

    Todd's Take

    If you thought corn's seasonal influence was impressive, you should see soybeans.

  • DTN Early Word Grains

    May corn was down 1 1/4 cents, May soybeans were down 1 1/2 cents, and May Chicago wheat was down 1 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat closed down 8 1/4 cents Monday with rain expected across the central U.S. later this week. Corn and Chicago wheat also failed at earlier attempts to trade higher while May soybeans ended down a half-cent.

  • DTN Early Word Grains

    May corn was up 2 cents, May soybeans were up 6 cents, and May Chicago wheat was up 3 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Friday's trading in grains was marked by low volume and not much price movement as corn and wheat ended with slight gains. The U.S. dollar index is also not seeing much action on St. Patrick's Day, acting content to finish the week...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1/2 cent, May soybeans were down 2 3/4 cents, and May Chicago wheat was up 1/4 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn and soybeans ended modestly higher Thursday, helped by another week of bullish export numbers on what was otherwise a quiet day of trading. May Chicago wheat was steady and K.C. wheat a few cents higher with ongoing...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Wheat prices were lifted by commercial buying and ongoing concerns of dry weather Wednesday while row crops stayed quietly mixed. Late in the session, the U.S. dollar index surprised many by falling lower after the Federal Reserve...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 2 cents, May soybeans were up 6 1/2 cents, and May Chicago wheat was up 5 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Tuesday's trading in grains was all about soybeans with May closing below $10.00 for the first time in four months and May soybean meal closing down $3.70. Corn and wheat were steady to a little higher in quiet trading while the U.S...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1/2 cent, May soybeans were down 6 3/4 cents, and May Chicago wheat was down 1 1/2 cents.

  • The chart above shows a more profitable outcome for only owning cash corn in the six months following Nov. 30 (green line) versus owning cash corn perpetually (black line). Source: DTN's ProphetX software and Hultman's elbow grease. (DTN chart)

    Todd's Take

    Corn's seasonal influence deserves more respect than many might realize.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May Chicago and K.C. wheat both posted double-digit losses Monday, ignoring ongoing concerns about the impact of dry weather in the southwestern Plains on the new winter wheat crop. Row crops were steady to lower in quiet...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 2 cents, May soybeans were down 1/2 cent, and May Chicago wheat was down 3 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all started the day lower and did not move much throughout the session, ending a consistently bearish week with new eight-week lows in May corn and soybeans. The U.S. dollar index is roughly a half-point...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 1/4 cents, May soybeans were down 5 1/4 cents, and May Chicago wheat was down 1 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans closed lower after USDA made larger-than-expected increases to Brazil's crop estimates in Thursday's WASDE report. May Chicago wheat was down a few cents after crop estimates for Australia and Argentina saw...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1/4 cent, May soybeans were down 5 1/2 cents, and May Chicago wheat was down 1 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May Chicago and K.C. wheat prices fell lower Wednesday even though the southwestern Plains remain dangerously dry and at risk for more wildfires. Corn and soybeans ended modestly lower with traders braced for higher South...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 1/2 cents, May soybeans were down 3 cents, and May Chicago wheat was down 2 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans finished 12 cents lower Tuesday, under ongoing pressure while Brazil's soybean harvest remains ahead of last year's pace. Corn and wheat were modestly lower with news of wildfires in Kansas helping wheat prices...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    8:15 a.m. CST CME Globex: May corn was down 1 1/2 cents, May soybeans were down 4 3/4 cents, and May Chicago wheat was down 2 1/4 cents.

  • Many probably know that spot crude oil prices swung from over $140 a barrel in 2008 to less than $30 last year, but few may realize the difference between global production and demand for the two prices was just a few percentage points apart. (Source: DTN ProphetX)

    Todd's Take

    The balance of grain markets is more fragile than many realize.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Chicago and K.C. wheat contracts closed modestly higher with support from red flag warnings in the southwestern Plains on a day when little else was moving among grain prices. Corn and soybeans were steady to lower with some...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    8:15 a.m. CST CME Globex: May corn was up 1 1/2 cents, May soybeans were up 6 1/2 cents, and May Chicago wheat was up 7 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Friday turned out to be a quiet trading day at the end of a volatile week, which saw most grain contracts end the week higher than they began. South America's soybean harvest remains a bearish influence while corn and wheat...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat were all lower Thursday along with most other commodities while the U.S. dollar index climbed to a new seven-week high in front of this month's Federal Reserve meeting. May soybean meal ended down $4.50...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Tuesday's swirling ethanol and biodiesel rumors, reports of trucks stuck in the mud in northern Brazil, and ongoing dry weather concerns in the southwestern Plains, all converged to bring about higher grain and oilseed prices on...

  • The average retail price of anhydrous is 9% lower than it was at the same time a year ago. Anhydrous was $490 per ton the fourth week of February 2017. (DTN chart)

    DTN Fertilizer Outlook

    Average retail fertilizer prices continued to rise the fourth week of February 2017, though at a slower rate than in recent weeks.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Tuesday's trading in grains was marked by swirling rumors of possible regulatory changes which could be somewhat bullish for corn and bullish for soybean oil, if enacted. Corn, soybeans, and wheat all closed higher, but well off their...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all closed lower Monday, pressured by favorable crop conditions in South America and relief among wheat traders that the weekend's colder temperatures have passed. First notice day for March grains is...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1/4 cent, May soybeans were up 2 1/2 cents, and May Chicago wheat was down 2 3/4 cents.