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

    Corn, soybeans, and all three wheats closed lower Friday on light volume with new contract lows posted in Chicago and K.C. wheat. Outside commodities were mixed while the December U.S. dollar index fell to a new one-month low.

  • Illustration by Nick Scalise

    DTN's Quick Takes

    Posted 11:49-- As we near the early close, December corn is down 5 1/4 cents, January soybeans are down 5 cents and December Chicago wheat is down 9 3/4 cents. All three grains are sliding lower Friday with winter wheat making...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    8:15 a.m. CST CME Globex: U.S. grain futures will resume trading at 8:30 a.m. CST for a short Friday session that ends with most grains closing at 12:05 p.m. CST.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December soybean meal upset Wednesday's expectations for quiet, pre-holiday trading and posted a new one-month high, likely related to the current stretch of dry weather in Argentina. January soybeans followed with an 8 1/4 cent...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Winter wheat led Tuesday's grains with modest gains in a quiet, pre-holiday session. December K.C. wheat was up 4 1/4 cents, helped by commercial buying, while corn and soybeans napped their way to slightly lower closes.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn ended a couple cents higher Monday with help from modest commercial buying, while soybeans overcame a lower start to finish a fraction lower on the day. The larger movement was in wheat contracts where the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Not only were grains higher on Friday, but several outside commodities were also in the black, turning Friday into Commodity Appreciation Day. In the case of grains, December soybean meal led percentage gainers and helped lift...

  • This chart shows percentage gains in DTN's national index of cash corn prices from Nov. 30 to May 31 in years when U.S. ending corn stocks represented 15% of annual use or more. The red dashed line represents an average gain of 7% for all nine years. (Source: DTN ProphetX)

    Todd's Take

    Storing corn in a year of heavy supplies has a mediocre record, but is not completely unreasonable.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    8:15 a.m. CST CME Globex: December corn was up 1 1/4 cents, January soybeans were up 4 cents, and December Chicago wheat was up 3 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn slid to its lowest close in 2017 and January soybeans were down 4 1/4 cents, both failing to convince potential buyers on another quiet day of trading. December Chicago wheat drew just enough commercial support to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 1/4 cent, January soybeans were unchanged, and December Chicago wheat was up 2 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Wednesday's trade was marked by low volume, but prices did show movement with January soybeans up 8 1/2 cents and December Chicago wheat down 8 cents. Corn stayed quiet, near its lows for the year while rain continued to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn fell 4 3/4 cents to a new contract low Tuesday, just a few sessions after USDA raised its U.S. corn crop estimate to 14.58 billion bushels. January soybeans fell to its lowest close in five weeks, pressured by more...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • The U.S. Drought Monitor maps above show at least six of the top eight corn-producing states in 2017 (right map) had significantly drier conditions in early August than in 2016 (left map), including the top producing state of Iowa (Source: National Drought Mitigation Center, University of Nebraska).

    Todd's Take

    If USDA is correct, significantly drier conditions in 2017 just produced a record high national corn yield.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After several weeks of trying to trade higher, January soybeans broke to their lowest close in five weeks, pressured by beneficial rains in Brazil. Wheat prices also fell lower, taking back last week's gain while wheat supplies remain...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn calmed down after Thursday's selling and closed 2 cents higher, helped by a modest response of commercial buying to Thursday's new low. Soybeans and winter wheat were also a little higher on light volume, holding...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn fell 6 3/4 cents to a new low after USDA estimated a record high yield of 175.4 bushels an acre in Thursday's WASDE report. January soybeans fell 12 3/4 cents on a neutral report, influenced by corn's decline while...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 1/2 cent, January soybeans were up 1 1/2 cents, and December Chicago wheat was up 1/2 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn, January soybeans, and two out of three wheats ended higher Wednesday with the biggest percentage gain seen in December Minneapolis wheat. Trading was cautious ahead of Thursday's WASDE report, but corn and...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 1 cent, January soybeans were up 2 cents, and December Chicago wheat was down 3 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and winter wheat ended a little lower Tuesday, soybeans and spring wheat were a little higher with many waiting to see what USDA will say in Thursday's WASDE report. Gold and crude oil were a little lower with traders cautious...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • The red rectangles on this chart of spot corn futures identify years when world annual GDP growth fell below 3%. If the IMF is correct, world GDP will expand 3.6% in 2017 and 3.7% in 2018 -- a positive change for grain demand. (Sources: DTN ProphetX and WorldBank.org at http://bit.ly/2ziquEb)

    Todd's Take

    After five years of slow GDP growth, the world is starting to wake up.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    January soybeans took back part of Friday's 12 1/2 cent loss with help from commercial buying in soybean meal and bean oil. Commercial buyers also helped lift winter wheat prices to higher closes Monday while corn barely moved.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 1 1/2 cents, January soybeans were up 2 cents, and December Chicago wheat was up 3 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    January soybeans fell 12 1/2 cents Friday, heading into the weekend with a crop-friendly forecast for increased rains across central Brazil the next seven days. December corn ended down 2 1/4 cents while winter wheat contracts...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and all three wheats finished higher Thursday as light trading volume suggested that seasonal harvest pressures may be easing. December K.C. wheat was the largest percentage gainer, closing up a dime from...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    January soybeans closed up 6 1/2 cents Wednesday, helped by commercial buying and possibly influenced by Brazil's early dry start. December corn also benefited from light commercial buying while winter wheat contracts ended slightly...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December Chicago wheat and December K.C. wheat both fell to new contract lows Tuesday as premiums in the futures contracts continue to dissipate over time. December corn ended 3 cents lower, but January soybeans held steady...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • Breakouts in the U.S. Dollar Index and in December crude oil were two of the more interesting market moves in October. The October highlight for this analyst was seeing the Nobel Prize of Economic Sciences go to Professor Richard Thaler, an economist who understands markets are people. (Source: DTN ProphetX).

    Todd's Take

    Grain prices did not give producers much to cheer about in October, but the Nobel Prize in Economics offered a glimmer of hope as to how we look at markets.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    With one more day left in October, December corn was unchanged while January soybeans were down 2 cents and December Chicago wheat was down 2 1/2 cents. Outside markets showed more activity with the December U.S. dollar index...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    January soybeans closed up 4 cents Friday, helped by modest gains in vegetable oil prices, while corn and wheat slipped lower in the face of a second day higher in the U.S. dollar index. In outside markets, December crude oil is...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and all three wheat futures closed lower Thursday, pressured by the U.S. dollar index trading at its highest price in over three months. Traders largely ignored concerns about windy and wintry weather coming to the...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans ended 5 1/4 cents lower Tuesday with much-needed rain for central Brazil in next week's forecast. USDA also showed a jump in last week's soybean harvest progress while corn and wheat added small gains to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • Talk of a big tax cut, uncertainty over President Donald Trump's preference for the next Fed chair, and lack of North American Free Trade Agreement progress are three potentially bearish issues weighing on this fall's corn prices (Source: DTN ProphetX).

    Todd's Take

    A 14.28 billion bushel U.S. corn crop is weighing on prices, but that is not all that's keeping corn prices down.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After posting bearish closes on Friday, December corn and winter wheat contracts rebounded Monday with help from commercial buying and concerns about the possibility of freezing temperatures in the southwestern Plains early...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 1/4 cent, November soybeans were down 1/2 cent, and December Chicago wheat was unchanged.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Friday's trading capped off a bearish week for grains that saw corn and winter wheat prices end near their August lows. November soybeans fell 7 3/4 cents to their lowest close in a week with a bit of support from a 0.33 gain in...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and all three wheats put in another day of quiet, narrow range trading, but this time, finished with higher closes. Combines were likely busy as Thursday offered another day of pleasant fall weather for row-crop...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 1 1/4 cents, November soybeans were up 1 cent, and December Chicago wheat was up 1 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn and winter wheat continued their downward slides on light volume this week as potential buyers continued to stay away from the markets. November soybeans saw just a slight drop, helped by a slight gain in December...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Commercial selling pressured soybeans and meal prices lower on light volume Tuesday while corn and winter wheat drifted to slightly lower closes. This week's weather looks good for harvest progress, but traders are not finding much...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • USDA's estimate that the U.S. will have 430 million bushels of ending soybean stocks in 2017-18 may sound like a comfortable surplus to some, but it depends on Brazil having a sixth consecutive year of good growing weather -- something that may or may not happen (Source: USDA's WASDE and Oilseeds: World Markets and Trade reports).

    Todd's Take

    If you think 430 million bushels of soybeans is a comfortable U.S. surplus, you should see Brazil's supplies.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans fell 9 1/4 cents Monday, erasing Friday's gain with a week of favorable harvest weather ahead. December corn was down 2 1/4 cents, also anticipating better harvest weather and December Chicago wheat ended...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and Chicago wheat all closed higher Friday, finding enough support from commercial buying to turn corn and wheat prices back from their lows for the year. November soybeans were up 8 1/4 cents, reaching a new...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans posted its highest close in over two months after USDA reduced its estimate of U.S. ending soybean stocks from 475 million to 430 million bushels. Corn tagged along for a 3-cent gain even though USDA raised its...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and winter wheat ended a little lower again Wednesday, ahead of Thursday's WASDE report with little happening to shake prices from their quieter trading patterns. USDA announced export sales of corn, soybeans and...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and Chicago wheat saw another day of quiet trading on low volume as front contracts all settled less than a cent away from Monday's finishes. December Minneapolis wheat was the lone exception, ending down 5 3/4...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans ended down 5 1/2 cents and December Chicago wheat was down 7 1/2 cents with a favorable forecast for winter wheat planting in the week ahead pressuring wheat prices lower. Corn barely budged, finishing a...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    USDA's two reports on Friday had split effects with November soybeans closing up 8 3/4 cents and December Minneapolis wheat closing down 21 1/4 cents. Corn was modestly higher while December Chicago wheat closed down 6 3/4 cents.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and all three wheats finished lower Thursday, a session marked by low trading volume and not much price movement after the first half hour. USDA will release its Grain Stocks report and Small Grains Summary on...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans finished down 7 3/4 cents Tuesday, pressured by rain in this week's forecast for central Brazil and a new five-week low in December soybean oil. Chicago wheat traded back and forth numerous times but never...

  • The chart of monthly spot soybean futures prices shows important bullish clues for long-term soybean prices, including a bullish turn in the monthly stochastic, the conclusion of a bearish washout among noncommercials and the possibility of a higher low (Source: DTN ProphetX).

    Todd's Take

    For the first time in over a year, soybean prices are showing long-term potential to trade higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans erased all but a half-cent of Friday's 13 1/2 cent gain on Monday, starting the week with a better chance for rain in this week's forecast for central Brazil. December Minneapolis wheat finished up 14 cents...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Soybeans posted a strong rally Friday, holding near session highs late in the day. Corn showed little life, but still performed better than Chicago wheat with its pratfall to a lower close. A look around the board at futures spreads...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and wheat all struggled with low trading volume Thursday but were able to end a little higher. Compared to outside commodities, Thursday's grains were among the better performers of the day as December gold...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and winter wheat all ended a little lower Tuesday, surviving earlier selling attempts with firmer finishes. December soybean oil showed some spunk, rebounding from Monday's new three-week low with a gain of a third of...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • When Chicago wheat prices are cheap, it is common for commercials to be on the long side of the market. After a brief absence this summer, commercials are net long again with spot Chicago wheat prices in the low to mid $4s (Source: DTN ProphetX).

    Todd's Take

    Commercials are net long corn, soybeans and Chicago wheat.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans closed down 7 1/4 cents, but held a modest gain for the week even without much buying interest on Friday. December corn prices barely budged, ending up 1/2 cent on light volume as traders appeared to bug out...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans closed up 15 1/2 cents and December meal was up $7.70, both at their highest closes in over four weeks, with active commercial buying and slight weather concerns. December corn ended up 2 3/4 cents in quiet...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 2 cents, November soybeans were up 5 1/2 cents, and December Chicago wheat was up 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans and December meal bounced back Wednesday, erasing Tuesday's WASDE-related losses with firm responses of commercial buying. December corn tried to trade higher earlier in the day, but ended unchanged while...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 2 1/4 cents, November soybeans were up 4 1/4 cents, and December Chicago wheat was up 4 cents.

  • USDA on Tuesday pegged the average U.S. corn yield at 169.9 bushels per acre, up 0.4 bpa from the August report. (DTN file photo by Pamela Smith)

    USDA Report Review

    Higher corn and soybean crop estimates in Tuesday's WASDE estimates from USDA sent corn and soybean prices to lower closes while wheat escaped with a neutral report and a 7 1/4-cent gain.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn ended down 6 cents and November soybeans down 9 1/2 cents Tuesday after USDA surprised markets with higher-than-expected crop estimates for corn and soybeans. The closes were not as low as prices initially...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    For grains, Monday was a quiet day of trading that saw small changes in row crops and wheat prices sag lower. Grains face USDA's next WASDE report Tuesday morning at 11 a.m. CDT.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Let's face it, grains did not get much attention Friday with the nation's eyes on the approach of Hurricane Irma, but corn and Chicago wheat did hang on to small gains while the soy complex ended lower. The September U.S. dollar...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn and Chicago wheat gave back this week's gains as potential buyers looked weak in the knees ahead of next week's WASDE report. The U.S. dollar index fell to its lowest prices in over two years, pressured by bullish...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn, November soybeans and winter wheat all closed modestly higher in a day of quiet trading with little outside news to disrupt markets. The one exception was a 15 1/2 cent gain in December Minneapolis wheat as prices...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December soybean meal closed up $9.20 Tuesday, an aggressive show of commercial buying that also helped November soybeans finish 19 cents higher. Corn and wheat also closed higher, trying to add to last week's late rebound in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 3 1/4 cents, November soybeans were up 9 3/4 cents, and December Chicago wheat was up 7 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn ended down 2 1/2 cents Friday, but held enough ground to break its streak of five consecutive losing weeks with a small gain for this week. December Chicago wheat broke a similar streak this week with a 4 1/4 cent...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 2 1/2 cents, November soybeans were up 5 1/2 cents, and December Chicago wheat was up 5 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn and November soybeans posted their most bullish closes in August, getting help from commercial buying and end-of-month shuffling among traders. Wheat prices were mixed as winter wheat contracts ended higher while...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 1 cent, November soybeans were unchanged, and December Chicago wheat was up 1 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn's bearish streak in August continued Wednesday with a 4-cent drop in the September contract to its lowest spot close since September 2016. November soybeans were also down 4 cents and Chicago wheat finished unchanged in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Tuesday's trade saw December corn and November soybeans settle modestly lower on light to moderate volume with mostly dry weather across the Midwest. Coming on the heels of Hurricane Harvey over the weekend, financial traders...

  • This grid shows the correlation coefficients of monthly spot futures prices for each combination of assets, from Jan.1, 1997 to the present. Of special interest are the high correlations of grains to the other three physical commodities (Source: DTN's Prophet X and Todd Hultman).

    Todd's Take

    The world is changing; this is no time for tunnel vision.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn closed down 2 1/2 cents Monday on light volume and keep making new lows in August with buyers unwilling to jump in ahead of harvest. December Chicago and K.C. wheat were also lower as Hurricane Harvey added to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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