Todd Hultman

DTN Grains Analyst
Todd Hultman

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

    July contracts of corn, soybeans, and all three wheats fell lower Friday, as traders sensed better planting weather ahead and the start of light to moderate showers in the southwestern Plains. The June U.S. dollar index is also...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    July corn was down 2 cents, July soybeans were down 6 cents, and July K.C. wheat was down 7 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July K.C. wheat was up 6 3/4 cents Thursday, still finding support from drought conditions in the southwestern Plains that are not getting any better. July soybeans dropped 4 1/4 cents after last week's soybean shipments hit a...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July Chicago wheat was up 7 3/4 cents and July K.C. wheat was up 8 1/4 cents, still finding support from concerns of drought and wildfires in the southwestern U.S. Plains. May corn was a little higher and May soybeans were a little...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans closed up a nickel and December soybean meal was up $3.90 Tuesday, showing a little buying spunk on an otherwise quiet day of trading in grains and oilseeds. December corn was down 1 1/4 cents and July K.C...

  • The weekly charts above show DTN's national indices of corn and HRW wheat matched their highest prices of 2017 in early March, but have not yet been able to trade higher -- possible tops in the making? (Source: DTN ProphetX).

    Todd's Take

    DTN's national indices of cash corn and HRW wheat prices have already matched their highest prices of 2017. Is there reason to expect more?

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After enduring another winter storm over the weekend and seeing rain in the seven-day forecast for the southwestern U.S. Plains, grains and oilseeds closed lower across the board on Monday. Winter wheat and May soybeans posted...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 3/4 cents, May soybeans were up 2 3/4 cents, and July K.C. wheat was down 10 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May contracts of corn, soybeans, and all three wheats finished lower, parting ways with most other commodities, while another winter storm grabbed traders' attention at the end of April's second week. Outside markets were fairly...

  • Illustration by Nick Scalise

    DTN's Quick Takes

    OMAHA (DTN) -- As we near the close, May corn is down 2 1/2 cents, May soybeans are down 7 1/4 cents, and July K.C. wheat is down 9 1/4 cents. Grains look content to settle lower Friday with not much trading volume taking place.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans closed up 13 cents Thursday, the highest in a month, with ongoing support from China's demand for Brazil's soybeans and Argentina's drought. Meanwhile, winter wheat prices fell back with a possible chance of rain in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 1/4 cents, May soybeans were up 2 1/4 cents, and May K.C. wheat was down 13 3/4 cents.

  • One day after USDA estimated Brazil's soybean crop at a record-high 115.0 million metric tons (4.23 billion bushels), Brazil's FOB soybean price jumped to its highest level since August 2016, some 43 cents above the FOB price in New Orleans. Source: DTN ProphetX. (DTN chart)

    Todd's Take

    If China's proposed tariff on U.S. soybeans and USDA's estimate of a record soybean crop in Brazil sound bearish, you may want to take a second look at the evidence.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May contracts of corn, soybeans, and winter wheat were all modestly lower Wednesday, finding little to get excited about following Tuesday's roughly neutral WASDE report. Outside markets reflected early concerns about a U.S...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans ended up 3 cents after USDA made only minor changes to U.S. demand estimates for corn, soybeans and wheat in Tuesday's WASDE report. South American crop estimates were more interesting, but corn and wheat showed...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Monday's trading was a little odd in that the largest percentage gainer among grain contracts was not drought-stricken K.C. wheat or frozen tundra spring wheat, but May Chicago wheat, the trader-friendly representative of soft...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans started Friday's trading session down 28 cents after President Trump proposed another $100 billion of tariffs against China late Thursday but finished up 2 1/2 cents by the end of the day as tariff proposals appear...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 2 3/4 cents, May soybeans were down 12 1/4 cents, and May Minneapolis wheat was down 2 1/4 cents, supported by a dry forecast and noncommercial buying.

  • USDA's March estimates of ending soybean stocks from the top three producers shows a slim level of carry in Brazil as China continues to avoid U.S. soybean purchases and even proposed a tariff on U.S. soybeans. (Source: USDA, Oilseeds: World Markets and Trade, Mar. 8, 2018; DTN graphic by Todd Hultman)

    Todd's Take

    I don't have a crystal ball, but for DTN subscribers, Wednesday's proposed soybean tariff should not have been a shock.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn closed up 8 1/2 cents Thursday, erasing Wednesday's 7 1/2-cent drop as traders may have realized China does not buy much U.S. corn. Sep. Minneapolis wheat finished up 14 1/2 cents as cold temperatures and snow on the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 2 3/4 cents, May soybeans were up 6 1/2 cents, and May Minneapolis wheat was up 6 1/4 cents, supported by a dry forecast and noncommercial buying.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat closed up 17 1/4 cents Tuesday after USDA gave the winter wheat crop its lowest good-to-excellent rating since 2002, the result of this year's dry weather. Corn and soybeans tried to join the rally but finished the...

  • After an early drought in Argentina and three bullish USDA reports, December corn is approaching its highest price in a year and noncommercial traders are net long. Is the outlook for corn prices really that bullish? (DTN chart)

    Todd's Take

    After an early drought in Argentina, and three bullish USDA reports, December corn is approaching its highest price in a year and noncommercial traders are significantly net long. Is the outlook for corn prices really that bullish?

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans fell 9 1/4 cents and May Chicago wheat was down 4 3/4 cents -- two grains that gave up gains early Monday for losses by the close. June hogs fell their daily 3-cent limit on news of China's new tariff and the Dow...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 3 cents, May soybeans were up 9 cents, and May Chicago wheat was up 4 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May contracts of corn and soybeans posted double-digit gains Thursday after USDA helped with smaller-than-expected planting estimates for 2018. Winter wheat prices showed a modest gain after USDA said winter wheat acres would...

  • USDA's new planting estimates for 2018 came in a little less than expected for corn and soybeans, and have soybean acres slightly above corn for the first time since the PIK program of 1983. (Chart courtesy of USDA)

    USDA Reports Review

    USDA's lower-than-expected planting estimates for corn and soybeans stole the attention away from more bearish news in USDA's report of March 1 corn and soybean stocks.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May contracts of corn, soybeans, and all three wheats finished lower on light volume Wednesday, waiting for Thursday's Grain Stocks and Prospective Plantings reports from USDA. Other than livestock and some softs, most...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Tuesday's trading volume was light in grains with little news and two important USDA reports set for Thursday. May corn held steady while May contracts of soybeans and all three wheats sagged lower.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • The new-crop Nov/Mar soybean futures spread shows a small carry of 1 1/2 cents, reflecting early concerns among commercials about soybean supplies at harvest time. October to January is also the time of year when China will be most dependent on the U.S. for soybean imports. (DTN Chart)

    Todd's Take

    China can afford to minimize U.S. soybean purchases this summer. By October, the tables should turn and U.S. weather will play a big part.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat fell 11 cents Monday with scattered showers bringing aid to some of the driest areas of the southwestern U.S. Plains with more chances for light rain the next couple days. May corn fell 3 1/4 cents to its lowest...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    While May soybeans scratched its way back to a 1 1/2 cent loss Friday after China proposed their own list of U.S. goods that would be charged tariffs, May soybean meal overcame early selling and finished up $9.90 on the day...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 3 3/4 cents, May soybeans were down 9 1/2 cents, and May K.C. wheat was down 2 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    On a day when the Dow Jones Industrial Average was down over 400 points, the grain sector showed little concern, posting mostly small gains on light trading volume. July K.C. wheat led grains with a 6 1/4-cent increase, followed by...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1 1/2 cents, May soybeans were up 3/4 cent, and May K.C. wheat was up 6 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybean meal and oil contracts both closed higher Wednesday with higher crude oil prices offering bullish influence to soybean oil. May K.C. wheat slid to a new seven-week low while May Minneapolis wheat fell to a new nine-month...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    One day after grain and oilseed prices took a big tumble, corn and wheat were not able to do much, but May soybeans climbed to a 5 3/4 cent gain, helped by commercial buying and a $3.10 gain in May soybean meal. The June U.S...

  • This USDA chart shows how cotton production is distributed across the southern U.S. Currently, the Texas Panhandle has extreme drought conditions, the lower Mississippi Delta has areas of flooding, and the southern Atlantic coast is on the dry side, but has rain in this week's forecast. (Graphic courtesy of USDA.gov)

    Todd's Take

    Bullish hopes for cotton are growing after prices neared their highest level in three years. A new season is about to begin.

  • DTN Early Word Grains

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    For many U.S. grain producers and traders caught heavily long in grains, Monday's selling rout was part of a painful about-face after prices rallied to drought-inspired highs earlier this month. May contracts of corn, soybeans...

  • DTN Early Word Grains

    May corn was 4 1/2 cents lower, May soybeans were 13 cents lower, and July Kansas City (HRW) wheat was 16 3/4 cents lower.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat fell 14 cents Friday, the biggest percentage loser among grains on Friday if we ignore an 8 3/4 cent loss in May oats. Both were related to rain in the seven-day forecast, some of which is expected to reach Kansas...

  • DTN Early Word Grains

    May corn was 1/4 cent lower, May soybeans were 5 cents higher, and July Kansas City (HRW) wheat was 4 1/4 cents lower.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July KC wheat dropped 11 1/4 cents with widespread rain expected over winter wheat areas outside the southwestern U.S. Plains while areas of extreme drought remain intact. May soybeans took back roughly half of Wednesday's loss...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans fell 16 1/2 cents to its lowest close in nearly a month and it is fair to wonder if widely reported talk of more tariffs against China was partly to blame. May corn was down 3 cents and winter wheat was modestly...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was unchanged, May soybeans were up 2 1/2 cents, and May K.C. wheat was down 2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybean meal was up $5.10 and May soybean oil was up 0.47, still making a bullish case for increased crush activity in NOPA's next crush report on Thursday. Corn ended slightly higher and winter wheat was a little lower in a...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was up 1 1/4 cents, May soybeans were up 6 1/4 cents, and May K.C. wheat was up 4 1/2 cents.

  • Thursday's higher export estimate of 2.225 billion bushels from USDA finds current exports at 740 million bushels with only six months to go. Even based on USDA's own reasoning, it is difficult to see 1.485 billion bushels of corn exports in the second half of 2017-18. (DTN chart)

    Todd's Take

    Noncommercial buying has lifted both corn and soybean meal prices in early 2018, but for producers, one of 2018's early blessings is starting to look like a curse, and the other may not be far behind.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Grain prices survived a lower start and a time change hangover to finish a little higher on the day, a slight rebound from Friday's lower closes. May Minneapolis wheat lead the sector with a 7-cent gain and help from commercial buying.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybean meal, the most bullish performing contract to come from Argentina's drought, fell $9.80 Friday to its lowest close in three weeks. Corn, soybeans and all three wheats were also lower Friday as buyers became difficult to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1 3/4 cents, May soybeans were down 13 1/2 cents, and May K.C. wheat was down 5 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May corn ended up 6 1/4 cents after USDA raised its estimate of corn exports at 175 million bushels, hoping Argentina's loss will become a U.S. gain. Soybeans were a little lower and wheat prices were mixed as USDA's estimates...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was unchanged, May soybeans were down 1 3/4 cents, and May K.C. wheat was unchanged.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Red was the dominant color on Wednesday's commodity board and concerns of drought failed to protect the soy complex or winter wheat from lower closes on the day. May corn was a penny lower with traders expecting lower crop...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Tuesday's trade in grains saw low volume and a mixed close, just two days before USDA releases its next round of monthly supply and demand estimates. Outside of grains, other commodities tended to trade higher, while the March...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn was down 1/2 cent, May soybeans were down 4 1/4 cents, and May K.C. wheat is down 8 1/2 cents.

  • The accompanying chart shows spot Kansas City wheat prices off to a bullish start in 2018, fueled by concerns of drought in the southwestern U.S. Plains. Unsuspecting noncommercial traders have been under pressure to buy back their short commitments and still have more to cover (Source: DTN ProphetX).

    Todd's Take

    Kansas City wheat's bullish behavior has been impressive early in 2018 -- is there more ahead?

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May KC wheat led grain contracts with an 11 3/4 cent gain, while gusty winds added to wildfire danger in the southwestern U.S. Plains on Monday. May corn and soybeans posted modest gains with ongoing support from dry weather in...

  • This chart shows FOB corn prices rising in both Brazil and New Orleans since December, helped by ongoing drought in Argentina. (DTN photo)

    Todd's Take

    Thanks largely to Argentina's dry weather, FOB corn prices in New Orleans are the highest they have been in a year and a half.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat ended down 9 3/4 cents Friday, but still posted a 49-cent gain for the week, along with positive gains for corn, soybeans, and the other two wheats. Two significant droughts on two separate continents fueled this...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn is unchanged, May soybeans are up 8 1/4 cents, and May Chicago wheat is down 6 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May K.C. wheat climbed 21 1/4 cents Thursday to its highest close in seven months as winter wheat contracts continue to respond to concerns of dry weather and wildfire risk in the southwestern U.S. Plains. Corn and soybeans also...

  • DTN Early Word Grains

    May corn was unchanged, May soybeans were 4 1/4 cents higher, and July Kansas City (HRW) wheat was 3/4 cent lower.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May contracts of Chicago and K.C. wheat were up 18 cents and 17 1/2 cents, respectively, as commercial buying added to the bullishness of ongoing drought concerns in the western U.S. Plains. May corn and May soybeans posted...

  • DTN Early Word Grains

    May corn was 3/4 cent higher, May soybeans were 9 cents higher, and July Kansas City (HRW) wheat was 7 1/2 cents higher.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Except for soybean oil and Minneapolis wheat, May grain-related contracts closed higher Tuesday, spurred mainly by a continuation of dry weather in Argentina and the western U.S. Plains. May soybean meal edged out July K.C. wheat...

  • DTN Early Word Grains

    May corn was 1/2 cent higher, May soybeans were 2 1/2 cents higher, and July Kansas City (HRW) wheat was 6 3/4 cents higher.

  • USDA included this chart in Friday's Grains and Oilseeds Outlook at its Ag Forum in Virginia. The chart shows total planted acres for corn, soybeans, and wheat, as well as the total prevented plantings for each year. (Photo by USDA)

    Todd's Take

    The soybean/corn ratio is elevated, but USDA's early planting estimates are reasonable.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May contracts of corn, soybeans and wheat all started higher Monday, but by the end of the day, soybeans and Minneapolis wheat retreated to small losses while winter wheat posted the largest gains. May corn and new-crop...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn is up 1 3/4 cents, May soybeans are up 7 1/2 cents, and May Chicago wheat is up 5 cents.

  • FOB soybean prices for Brazil closed up a dime this week, near $11.00 per bushel and at their highest level in a year. That doesn't square with the anticipation of a 4.1-billion-bushel harvest and raises lots of questions. Source: DTN's ProphetX. (DTN chart)

    Todd's Take

    This week's FOB soybean prices in Brazil reached their highest level in a year. Why?

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    May soybeans ended up 4 1/4 cents Friday in spite of news from USDA that China cancelled 13.3 million bushels of soybean export sales last week, resulting in a net sales reduction for the U.S. last week. Corn and winter wheat were...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    May corn is up 1 1/4 cents, May soybeans are up 3 3/4 cents, and May Chicago wheat is up 4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Winter wheat contracts gained back some of this week's loss with May Chicago closing up 4 3/4 cents and May K.C. wheat up 4 1/2 cents. Corn and soybeans were mixed with neither one attracting much volume or venturing far from...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybeans closed higher for the sixth time in seven days, this time receiving support from the oil side of the market. Corn was slightly higher and winter wheat contracts lower in spite of a threat of flooding in the...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybeans closed up 5 cents and March soybean meal ended up $3.20, disappointing new bullish traders after the two were trading up 17 1/2 cents and $12.20 respectively, earlier in the day. Corn was modestly lower and Chicago...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is up 1 1/2 cents, March soybeans are up 12 3/4 cents, and March Chicago wheat is up 3 1/4 cents.

  • Ever since it became clear that Brazil was having its sixth-consecutive year of good growing weather, the popular outlook for soybean prices has been bearish. Recent new highs in FOB soybean prices however, suggest something more bullish happening (Source: DTN ProphetX).

    Todd's Take

    Traders anticipate a big soybean harvest from Brazil and U.S. exports are in the dumps. Why are FOB soybean prices at their highest level in nearly a year?

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Grains were active for a while on Friday, but by the end of the session, corn, soybeans, and two of the three wheats were lower on light volume, avoiding any big moves ahead of Presidents Day weekend. The March U.S. dollar index...

  • DTN Early Word Grains

    March corn was 1/4 cent lower, March soybeans were 1/4 cent lower, and July Kansas City (HRW) wheat was 1 1/4 cents lower.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybeans closed up 7 cents Thursday and March K.C. wheat was up 8 1/4 cents, taking advantage of long stretches of dry weather that are not over yet. U.S. grain prices are also benefiting from a U.S. dollar index trading...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybean meal closed up $4.70 Wednesday, its seventh consecutive higher close while Argentina remains dry. Nearly all commodities, except wheat were higher, benefiting from a falling U.S. dollar that is near its lowest prices in...

  • DTN Early Word Grains

    March corn was 1 3/4 cents lower, March soybeans were 2 3/4 cents lower, and July Kansas City (HRW) wheat was 4 cents lower.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybeans finished up a dime and March meal was up $7.40, another day of higher trading while the near-term forecast remains dry for Argentina. Corn and winter wheat settled lower in quiet trading.

  • : Monday's new one-year high in spot soybean meal confirmed a bullish technical breakout on the weekly chart, related to crop concerns in Argentina (Source: DTN ProphetX).

    Todd's Take

    While Brazil harvests another big soybean crop, soybean meal prices are climbing to new highs.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybean meal closed up $14.00 Monday to its highest spot close in over a year, pulling March soybeans up 18 3/4 cents, to $10.01 3/4. Winter wheat prices also posted double-digit gains as conditions remain dry in the western...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and all three wheats closed lower Friday, but finished the week close to where they started in spite of bearish influence from this week's lower stock market. March soybeans managed to finish the week with a 4 1/4...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is down 1 1/4 cents, March soybeans are down 4 1/4 cents, and March Chicago wheat is down 4 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybeans closed just shy of a nickel higher in spite of a higher-than-expected estimate of U.S. soybean ending stocks from USDA in Thursday's WASDE report. Corn ended slightly higher, showing no bullish reaction to USDA's...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Even in the face of Wednesday's higher U.S. dollar and red-tinted commodity board, winter wheat prices posted double-digit gains as dry weather concerns continue to increase. Corn was a little higher and soybeans a little lower...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is up 1 cent, March soybeans are up 1/4 cent, and March Chicago wheat is up 5 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    One day after grains and other commodities were pushed lower by panic selling in the stock market, corn, soybeans and all three wheats rebounded higher Tuesday, with most contracts erasing Monday's losses. The Dow Jones...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is up 1/2 cent, March soybeans are up 5 1/2 cents, and March Chicago wheat is up 1 1/4 cents.

  • Since the fall of 2014, spot soybean futures prices have been chopping broadly sideways, and except for a temporary lapse in late 2015, $9.00 has provided firm support, even in the face of record crops from Brazil and the U.S. Source: DTN ProphetX. (DTN chart)

    Todd's Take

    In spite of the anticipation of another big soybean crop from Brazil, soybean prices are holding broadly sideways.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Concerns about rising interest rates and falling stock prices sent investors scrambling for cash Monday, leaving most commodity prices lower. As one example, March soybeans closed down 9 cents, even though Argentina's crops...

  • DTN Early Word Grains

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and all three wheats closed lower Friday, but only March soybeans and Minneapolis wheat ended down on the week, with soybeans pressured by the approach of Brazil's large harvest. Except for livestock, most other...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is unchanged, March soybeans are down 5 1/2 cents, and March Chicago wheat is down 3 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybeans dropped 10 3/4 cents Thursday after USDA reported just 13.2 million bushels of soybean export sales last week, a new marketing year low. Corn was slightly higher and winter wheat slightly lower with grain prices...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and all three wheats ended lower Wednesday, easing back from Tuesday's higher closes with some talk of rain in Argentina. The March U.S. dollar index remained roughly steady after the Federal Reserve kept its...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is down 3/4 cent, March soybeans are down 5 1/4 cents, and March Chicago wheat is down 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March K.C. wheat finished up 16 3/4 cents Tuesday with red flag warnings and poor crop ratings putting more pressure on the short side of the market. Corn and soybeans closed moderately higher with March soybeans stopping at...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is up 1 1/4 cents, March soybeans are up 1 cent, and March Chicago wheat is up 4 cents.

  • This valuation model of December corn prices, based on USDA's production costs minus land expenses, has been a helpful early guide of what to expect for prices in the year ahead. Source: DTN Analyst Todd Hultman; USDA's Commodity Costs and Returns data. (DTN chart)

    Todd's Take

    A simple valuation model gives us an early idea of what prices to expect in 2018.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March Kansas City wheat finished up 10 cents Monday with a continuation of dry weather expected across the southwestern U.S. Plains. March corn was up 2 1/4 cents and March soybeans were up 6 cents, both aided by this week's...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is up 2 1/2 cents, March soybeans are up 11 1/2 cents, and March Chicago wheat is up 5 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March corn ended down 3/4 cent and winter wheat contracts were down more Tuesday after a quiet day of trading that saw the U.S. government up and running again. March soybeans were 2 cents higher with lingering crop concerns...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    March corn is down 1/2 cent, March soybeans are up 3 1/2 cents, and March Chicago wheat is down 3/4 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    March soybean meal closed up $7.00 Monday, its sixth consecutive session higher after Argentina's crops experienced another weekend of mostly dry weather. Corn ended the day down a half cent, and Chicago wheat was up 3 cents...