# Todd's Take

> DTN analyst Todd Hultman says U.S. corn and HRW wheat prices reached their 2017 highs in early March but have not moved higher since. He notes that the early-2018 rally in these grains lacks clear bullish fundamentals, while the soybean rally has solid support from Chinese demand and Argentine drought. USDA has raised its export estimates since February.

- Date: 2018-04-17 · published 2018-04-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65565-todd-s-take
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

With fundamentals weak for corn and HRW wheat, prices may have peaked for the year, and feed buyers could find cover opportunities.

## Read by commodity

- CORN: neutral
- KWHEAT: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/04/17/high-time-corn-hrw-wheat

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.