# A Hunch About This Market Cycle

> DTN analyst Todd Hultman argues grain prices remain depressed by large surpluses, with USDA ending corn stocks at 1.91 billion bushels, near 1 billion bushels of wheat stocks, and soybean demand curtailed by the tariff dispute. Spot corn near $3.65 and KC wheat near 13-year lows reflect a chronic oversupply.

- Date: 2019-12-06 · published 2019-12-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9823-a-hunch-about-this-market-cycle
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large ending stocks and weak spot prices indicate persistent bearish fundamentals for feed grains, with limited near-term relief unless demand improves or trade disputes resolve.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/12/06/hunch-market-cycle

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