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

  • For the week ending Jan. 28, USDA reported 231 million bushels of corn sold to China. Given the rules of reporting, it is possible the sales were made much earlier, when U.S. corn prices were much cheaper. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Last week's trade recommendations were met with a chorus of boos on Twitter. This week, I share constructive comments from market veterans.

  • In 30 short years, China has emerged as the most powerful influence in U.S. ag markets. Here in 2021, U.S. trade policies have yet to adapt to the new challenges China presents. (Photo by DTN Lead Analyst Todd Hultman)

    Todd's Take

    The U.S. trade dispute with China has largely been focused on U.S. technology companies and intellectual property concerns. It's time U.S. agriculture addressed its own issues with China.

  • (Progressive Farmer image by Pamela Smith)

    Inside the Market

    Unfortunately, coronavirus is still with us, but its bearish influence on crop prices has been replaced by bullish pressure thanks to remarkably large and unexpected purchases of corn and soybeans by China.

  • On Wednesday, Feb. 10, March soybeans closed below their 30-day average for the first time since the rally began in mid-August. Fundamentally, it remains difficult to see any reason to expect significantly lower soybean prices. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Wednesday's 47 3/4-cent drop in March soybeans inflicted slight technical damage to the chart, but it remains difficult to expect lower soybean prices ahead.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Tuesday, Feb. 9. (Logo courtesy of USDA)

    USDA Reports Preview

    What to expect on Tuesday, Feb. 9, when USDA releases its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

  • January's meteoric rise and fall in the share price of the company GameStop says a lot about market behavior many would not like to admit. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    January's meteoric rise and fall in the stock price of the company GameStop is an uncomfortable reminder for ag risk managers.

  • (Progressive Farmer image by Jim Patrico)

    Inside the Market

    Two major market factors that will carry into 2021 are COVID-19 and China's unquenchable appetite for feed grains and oilseeds -- one bearish and one bullish.

  • With help from rising prices of corn and soybeans, and from Russia's lower-than-expected wheat surplus, KC wheat is trading at its highest spot prices in six years. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Until this month, spot KC wheat prices slugged it out below $6.00 for nearly six years. Do prices deserve to trade higher?

  • Corn crops in Iowa, Illinois and Minnesota all finished 2020 with a drier stretch of weather. You may be surprised to learn Minnesota showed the largest drop in production in Tuesday's report -- another in a long history of unexpected findings from USDA. (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    Tuesday's new corn crop estimate of 14.182 billion bushels was the latest in a string of confusing surprises that keep coming from USDA.

  • USDA will release its latest Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Quarterly Grain Stocks and Winter Wheat Seedings reports on Tuesday, Jan 12. (Logo courtesy of USDA)

    USDA Reports Preview

    On Tuesday, Jan. 12, USDA will release its latest Crop Production, World Agricultural Supply and Demand Estimates (WASDE), Quarterly Grain Stocks and Winter Wheat Seedings reports.

  • Until Jan. 6, 2021, spot corn futures had not traded above $5 since May 2014. Are corn's fundamentals bullish enough to support prices above $5? (DTN ProphetX chart by Todd Hultman)

    Todd's Take

    On Jan. 6, March corn briefly traded above $5 for the first time since 2014. Corn has come a long way from the bearishness of early 2020, but are supplies tight enough to support prices at $5 or more?

  • (Progressive Farmer image by Nick Scalise)

    Inside the Market

    Here in the U.S., USDA gathers important grain supply information and freely publishes the data for the world to see. Grain supply information for China is largely hidden, which leaves the U.S. vulnerable.

  • Crude oil prices don't reflect all the market-related events of 2020, but in the first half of the year, oil was at the center of attention as traders awoke to the realization coronavirus was not just a problem in China. (DTN ProphetX chart)

    Top 10 Ag Stories of 2020 - 4 (A)

    No. 4 in DTN's yearly countdown of the top ag news stories looks at the tumultuous 2020 marketing year. There were so many significant market-moving events in 2020, it is easy to forget how much happened.

  • USDA will release its latest Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports at 11 a.m. CST Thursday, Dec. 10. (Logo courtesy of USDA)

    USDA Reports Preview

    USDA's December WASDE report is usually a mere formality, but traders will be interested to see how tight USDA says soybean supplies are in Thursday's report.