Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans have tried a few times this week to get off the mat but have not been able to stage any recovery. The euphoria on rumors of trade deals and chinese purchases from last week […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets opened Sunday night with a bang after the Independence Day holiday, but it was not the direction we wanted. Corn and soybeans traded with some decent strength ahead of the holiday weekend. There were rumors that […]

USDA’s June Acreage and Grain Stocks Report is historically one of the more volatile pieces on the calendar, but Monday’s release left the markets relatively flat. Brooks Shaffer is a market analyst with Palmetto Grain in Ridgeland, South Carolina, and says Monday’s corn planting numbers provided little spark. “On the acreage side, it felt like […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. USDA released the Quarterly Stocks and Planted Acreage Report on Monday at noon. This is one of the biggest reports of the year and has a history of big surprises. This year was not one of those […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We are facing a heatwave outside and the grain markets decided to join in and go full meltdown. It is hard to imagine a more discouraging situation. Overall the weather is non-threatening in the Midwest and the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The US entered the conflict in the Middle East over the weekend but the energy markets did have much of a reaction. The US is a net exporter of energy and OPEC was pumping lots of excess […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Soybean oil was the star of the show Friday and Monday. It traded up the limit on Friday and then again moved another limit higher on Monday. The EPA released their much anticipated Renewable Volume Obligation (RVO) […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The June USDA Supply and Demand report is usually a nonevent and despite our hopeful expectations, this year was no exception. USDA typically does not make any changes to new crop supply or demand. Sometimes there are […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Weekly closes last week gave us at least a little encouragement to go into the weekend. Unfortunately Monday’s trade took a lot of that away. Wheat was the leader to the downside and in the absence of […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The driest areas of the Midwest have gotten rains this week. Not enough to break the drought, but it bought the crop some time. The weather has been near ideal for much of the corn belt and […]