Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. I was so sure going home Wednesday night that we would either have a big trade deal to talk about and the soybean market would rally, or Trump or Xi would blow the thing up and walk […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Soybeans have been leading the ag markets higher on a dry stretch of weather in South America and optimism about the upcoming meeting between President Trump and Chinese President Xi Jinping next week. Current planting progress in […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Monday’s session did not have a lot of new news to trade on. Export inspections were within expectations on corn and wheat, and above on beans, but still well below last year’s level. That is due to […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Harvest continues to rapidly progress in the Midwest, still without much rain to slow the combines down. With the federal government still shut down, we do not have an official harvest pace estimate from the USDA. We […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. It looked like it was going to be a quiet week last week until China released new restrictions on rare earth minerals and related mining equipment on Thursday. Trump reached an agreement with President Xi in May […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Yesterday, Thursday, Oct. 9, we were supposed to get the USDA October Supply and Demand report. Due to the government shutdown, it has been delayed officially, but in all likelihood it will be canceled. This was the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Last week we had a lot of new info to trade and at least something to talk about. This week, not so much. The government shutdown enters the sixth day. We did not get the CFTC commitment […]

On Monday’s stocks report, the big surprise was on corn stocks. USDA reported corn ending stocks at 1.532 billion bushels, which was 207 million bushels higher than their last estimate of carryout and 195 million bushels higher than the average trade guess. That counts as the second-biggest bearish surprise on the September stocks report since […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain markets start off the week with more of the same: very flat trade. Harvest is gaining momentum in the Midwest, as it was a wide-open weekend across the Corn Belt. After the recent showers in the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. It’s been another quiet week in the grain markets, with low volume and no enthusiasm. Soybeans have been trading sideways after the big sell-off Friday and Monday. Argentina announced a temporary suspension of the export tariff for […]