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 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.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn posted its eighth new low in August, unable to find any friends on the buy side of the market while this year's crops mature in the field. Friday's trading was quiet with much attention on Hurricane Harvey while...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    All three wheats finished higher Thursday, helped by the arrival of commercial buying after a long, downward slide. November soybeans closed higher with help from commercial buying in soybean meal and ongoing uncertainty over the...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Less than a year after posting a seasonal low of $3.58 1/2 in 2016, December corn closed down 4 1/4 cents Wednesday to a new closing low of $3.55 3/4. November soybeans ended up a half-cent after bullish news of a new import...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 2 1/4 cents, November soybeans were up 8 1/2 cents, and December Chicago wheat was up 3 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    One last day of rain around the central and eastern Midwest was enough to take December corn down to $3.60, near last year's August low. Chicago and K.C. wheat posted new contract lows while December Minneapolis wheat fell to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • This chart shows corn prices had a strong bullish surge in June 2016, which became a source of selling when weather turned favorable and produced a record 15.15-billion-bushel corn crop. Neither of those factors is as bearish this year. (DTN chart; source: DTN ProphetX)

    Todd's Take

    Corn prices are headed lower, but this year's bearish arguments aren't as strong as a year ago.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans closed lower as widely scattered showers brought help to row crops around the central and western Midwest on Monday. Chicago and K.C. wheat fell to new contract lows and continue to have a difficult time...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans ended up 4 3/4 cents on a quiet day of trading where the most excitement came from a $0.42 gain in December soybean oil. December corn ended up 1 1/2 cents with traders waiting to see how next week's...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Soybeans turned higher Thursday, helped by active export demand and a few days of mostly dry weather across the central Midwest. Corn and winter wheat fell to new lows for the third consecutive session, struggling to find...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 1/4 cent, November soybeans were up 6 cents, and September Chicago wheat was down 1 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and all three wheats were lower Tuesday, along with most other commodities on the board. In the case of grains, beneficial rains in the seven-day forecast are the latest source of bearish motivation.

  • This chart shows owning cash soybeans from Nov. 30 to Jun. 30 since 1993 has resulted in a gain of $22.13 a bushel, or nearly 13 cents a month -- a far more generous return than corn has offered over the same time. (DTN chart by Todd Hultman)

    Todd's Take

    Soybeans have had every bearish threat thrown their way in 2017, but continue to be the more profitable row crop Midwestern farmers grow and store.

  • DTN Early Word Grains

    December corn was down 4 cents, November soybeans were down 4 1/4 cents, and September Chicago (SRW) wheat was down 3 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Grains traded lower all day long, pressured by rain in the latest seven-day forecast, but corn and Chicago wheat rallied at the end of the session and managed to close a little higher. November soybeans ended down 6 3/4 cents...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 4 1/4 cents, November soybeans were down 9 3/4 cents, and September Chicago wheat was down 6 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans finished Friday with modest gains, trying to stay on their feet after getting hit with USDA's higher-than-expected yield estimates on Thursday. Minneapolis wheat tumbled 29 1/4 cents lower to its lowest close in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and wheat all closed sharply lower Thursday after USDA's estimates of row crop production and world wheat production all came in higher than expected.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    It looks like traders caught up on their sleep Wednesday, getting ready for Thursday morning's weekly export sales and monthly WASDE reports from USDA. Corn, soybeans and wheat all ended steady or a little higher on light trading...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and winter wheat ended lower Tuesday while soybeans and spring wheat were higher, but all traded at familiar, recent prices as traders bide time until Thursday's 11 a.m. CDT report. The September U.S. dollar index traded...

  • Heading into the August WASDE report of 2011, there was reason to expect higher corn prices as USDA's 2011 crop ratings were similar to those we see today. Prices actually fell lower by the end of November, pressured by a bearish surprise in the Sept. 30 corn stocks report and corn's bearish seasonal tendencies related to harvest. (Source: DTN ProphetX)

    Todd's Take

    Crop ratings aside, the 2011 corn market has little in common with 2017, but 2011 does offer a sober warning for this week's WASDE report.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all closed higher Monday with weather concerns still an issue for row crops heading into Thursday's WASDE report. Grains also appear to be finding technical support after three weeks of trading lower.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 3 1/2 cents, November soybeans were up 7 3/4 cents, and September Chicago wheat was up 2 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    After a week that saw rain forecasts send grain prices scurrying lower, December corn managed to close 3 1/4 cents higher Friday and held above its ten-month low of $3.75. Soybeans and wheat ended with small losses on a quiet...

  • Illustration by Nick Scalise

    DTN's Quick Takes

    OMAHA (DTN) -- As we near the close, December corn is up 2 1/4 cents, November soybeans are down 3/4 cent and September Chicago wheat is down 1 1/2 cents. Prices are just going through the motions now, waiting for the closing...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans fell 17 cents as a line of showers made its way across Iowa and Minnesota to Wisconsin, giving relief to some dry areas at a time when roughly half of the nation's soybeans are setting pods. Corn and wheat were...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 3 1/2 cents, November soybeans were down 14 cents, and September Chicago wheat was down 4 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans finished a little higher Wednesday, trimming back a small part of Tuesday's losses with plenty of question marks still surrounding this year's crops. Winter wheat prices were slightly lower with rain falling in North...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 4 1/4 cents, November soybeans were up 7 1/2 cents, and September Chicago wheat was up 4 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Grains were all lower Tuesday, but a 35 1/2 cent loss in November soybeans led the way with broad rain coverage expected in the new seven-day forecast. Even September Minneapolis wheat was down 13 1/4 cents, near its lowest...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 2 cents, November soybeans were down 14 3/4 cents, and September Chicago wheat was up 1/2 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans, and wheat prices all closed lower Monday, pressured by rain in this week's forecast which should help drier fields in the western Plains. Meanwhile the spot futures for the U.S. dollar index continue to make new lows...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 5 1/4 cents, November soybeans were down 14 cents, and September Chicago wheat was down 4 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December soybean oil closed up 0.73 Friday after a federal appeals court ruled that the 2016 renewable fuels mandate was incorrectly reduced. Otherwise, trading in grains was fairly quiet Friday with modest gains across the board.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was unchanged, November soybeans were down 3/4 cent, and September K.C. wheat was up 5 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all posted modest gains Thursday on light trading volume. Grains continue to find support from a widespread lack of rain for 2017 crops, especially in the northwestern Plains where drought continues to...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 3 cents, November soybeans were up 8 cents, and September Chicago wheat was up 5 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and all three wheats were back in the green on Wednesday, a modest renewal of support in this summer of lower crop ratings. Beneficial rains were crossing the central and northern Midwest with Wednesday's hotter...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all ended lower Tuesday in spite of Monday afternoon's lower crop ratings from USDA. This week's forecast for rain across the central and eastern Midwest will be blamed for much of the selling and will be...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 2 3/4 cents, November soybeans were up 7 1/2 cents, and September Chicago wheat was down 3 3/4 cents.

  • While the lack of increase in Dec. 2017 corn prices has been frustrating to many people during a hot July, the daily chart above shows a more bullish response in later months such as Dec. 2018 corn (Source: DTN ProphetX).

    Todd's Take

    December 2017 corn has had little to show for all the crop concerns endured so far.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans closed lower Monday as traders faced a more pleasant seven-day forecast with chances for rain across much of the Midwest. The outlook for the northwestern Plains remains dangerously dry, but September...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 8 1/4 cents, November soybeans were down 20 cents, and September Chicago wheat was down 8 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    As temperatures were rising in the western and southern Corn Belt Friday, December corn prices looked faint, falling 11 1/4 cents on the day while November soybeans pulled back 4 3/4 cents. Wheat prices also finished lower with...

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans closed higher for the third consecutive day with ongoing support from hot temperatures and enlarging areas of dry conditions across the Midwest. All three wheats were modestly higher with similar concerns.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 5 cents, November soybeans were up 8 1/4 cents, and September K.C. wheat was down 1 cent.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Grains made one big loop Tuesday, trading higher early and then finishing lower in winter wheat, a little higher in corn and soybeans. September Minneapolis wheat ended 13 1/4 cents higher with ongoing support from drought.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 12 1/2 cents, November soybeans were up 14 1/4 cents, and September K.C. wheat was up 9 3/4 cents.

  • Friday's CFTC data showed noncommercial traders loaded up on the long side of corn on Tuesday, July 11, just before December prices dropped more than 30 cents a bushel in two days. Source: DTN ProphetX.

    Todd's Take

    In spite of all the hype of algorithm-based computer trading, noncommercials are looking quite human again this summer.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Monday saw quieter trading volume and lower closes among corn, soybean, and winter wheat. September Minneapolis wheat closed up 9 1/4 cents with ongoing support from extreme drought in the northwestern Plains.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans finished higher Friday with some profit-taking possible after a bearish week of trading, but also left a lot of questions unanswered about this year's crop conditions. Winter wheat ended a little lower while...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 5 cents, November soybeans were up 7 cents, and September Chicago wheat was up 4 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and all three wheats were hit by heavy selling for a second consecutive day, pressured by bearish changes in the forecast. At the same time, new South American corn supplies are hurting U.S. export business and...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 7 cents, November soybeans were down 24 1/2 cents, and September Chicago wheat was down 12 3/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and all three wheats were hit with double-digit losses Wednesday, partly due to higher-than-expected supply estimates from USDA and partly due to a bearish change in the weather extended forecast. Soybeans kept losses in...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 5 1/4 cents, November soybeans were down 8 1/2 cents, and September Chicago wheat was down 5 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    In spite of a lower start Tuesday morning, grains finished mixed on the day with a forecast for hot and dry weather next week keeping selling activity limited. December corn ended down a half-cent while November soybeans finished...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 4 cents, November soybeans were down 10 3/4 cents, and September Chicago wheat was down 3 3/4 cents.

  • USDA is expecting the world to consume 804 million bushels of corn, 243 mb of soybeans, and 519 mb of wheat every week in 2017-18 -- a big appetite that requires good weather for producers to keep up (Source: USDA June WASDE report; DTN graphic by Scott R Kemper).

    Todd's Take

    After four consecutive years of good growing weather, the U.S. is encountering problems in 2017.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    December corn posted its highest close in over a year and November soybeans finished at a new high in 2017, supported by Monday's hot and mostly dry forecasts for the Midwest. All three wheats also ended higher with no...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 7 1/2 cents, November soybeans were up 19 1/4 cents, and September Chicago wheat was up 14 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    November soybeans and December soybean meal both reached new four-month highs Friday, continuing a remarkable bullish turnaround the past nine sessions with help from chances for hotter temperatures next week. All three wheats...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

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

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September Minneapolis wheat dropped 50 3/4 cents Thursday, finally attracting selling activity after posting its highest close in four years on Wednesday. Corn ended a little lower while November soybeans were up a nickel, helped by...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was down 7 cents, November soybeans were down 5 1/2 cents, and September Chicago wheat was down 23 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all closed higher Wednesday even though most of the day it looked like wheat would end lower. Hot and dry conditions in the northwestern Plains continue to support grain prices in front of Wednesday...

  • The chart of spot Minneapolis wheat futures above shows that prices have risen rapidly to their highest level in nearly four years, fueled by concerns of drought in the U.S. The trend is clearly bullish, but it can also mask a growing instability (Source: DTN ProphetX).

    Todd's Take

    There is an underlying danger in markets like Minneapolis wheat when prices go sharply higher.

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 7 1/4 cents, November soybeans were up 26 cents, and September Chicago wheat was up 29 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn, soybeans and wheat all closed higher in a shortened trading session ahead of Tuesday's celebration of Independence Day. Weather continues to be the driving factor with worsening drought in the northwestern Plains and a...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 7 cents, November soybeans were up 22 1/2 cents, and September Chicago wheat was up 11 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    With USDA's June 30 reports now in the history books for 2017, it is a bit remarkable to report that corn, soybeans, and all three wheats closed higher -- not just Friday, but also for the week as a whole. Weather concerns...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 5 cents, November soybeans were up 2 3/4 cents, and September K.C. wheat was up 12 1/2 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Once again, Thursday's trading in grains was all about spring wheat and the worsening drought situation in the northwestern Plains. However, this time winter wheat contracts also joined in, closing at their highest prices in three...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 3 cents, November soybeans were up 6 cents, and September K.C. wheat was up 10 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    Corn and soybeans kept low profiles Wednesday with traders watching rain pass across the northern Midwest and waiting for Friday's USDA reports. September Minneapolis wheat led the way higher again, ending up 22 cents and taking...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was unchanged, November soybeans were up 1 cent, and July K.C. wheat was up 1 1/4 cents.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    September Minneapolis wheat jumped 17 1/4 cents higher Tuesday, also reaching its highest spot close in nearly two years, with chances for more dry weather ahead in the northwestern Plains. Other grain contracts were not as...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 2 cents, November soybeans were up 7 1/4 cents, and July K.C. wheat was up 2 3/4 cents.

  • The recent weather pattern continues to bring rain to the Eastern Corn Belt while the western edge remains dry, leaving high poor-to-very poor crop ratings in both Indiana and South Dakota. With these early problems, a record national yield doesn't seem likely in 2017 (Source: DTN ProphetX).

    Todd's Take

    Attention Traders: Corn crop conditions aren't as bearish for prices as last week's sell-off suggests.

  • (DTN illustration by Nick Scalise)

    DTN Closing Grain Comments

    July K.C. wheat dropped 11 1/4 cents Monday as harvest reports out of Kansas continue to show good, 60- to 70-bushel yields out of the central part of the state. Corn and soybeans ended a little higher, just enough to stop last...

  • (DTN photo by Greg Horstmeier)

    DTN Before The Bell Grain Comments

    December corn was up 2 1/2 cents, November soybeans were up 6 1/4 cents, and July K.C. wheat was down 7 cents.