Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We have had several sessions to digest USDA’s latest numbers now and there has not been much for the bulls to hang their hopes on. We have seen good news on the demand side this week in […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Yesterday we got USDA’s August supply and demand report. This can be a big market mover because it was the first time this year USDA gave us an actual estimate of yield based on satellite data and […]

Corn and soybeans continue to work lower, challenging recent support levels. Since the weather scare a few weeks ago, the weather has turned close to ideal for much of the Midwest. The funds still have a very large short position but have bought back some positions. The fund buying was offset by farmer selling as […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. It is very hard to find something positive to talk about with this market. The selling has been relentless and every time we think we see something positive, the market quickly undoes it a session or two […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Despite all the turmoil on the political front over the weekend, Monday’s trade felt like it was more about weather than politics. Honestly I think the market is just as confused about what will happen in the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans continue to trade weather. Monday’s selloff came in part from the forecasts showing big precipitation totals forecast for Iowa, Illinois, and Indiana. The system that was supposed to bring the rain turned into a […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We got USDA’s July supply and demand report on Friday and it contained several big surprises for corn and for the first time in a while, the surprises were not bearish. The market expected USDA to incorporate the […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We went home friday feeling pretty good about corn and beans. We managed to hold the support levels from report day and eked out a positive close heading into the weekend. Unfortunately it did not take long on […]

A flash drought has already damaged much of the corn crop in North and South Carolina to the point of no return. But the market has not reacted. SFN market analyst Brooks Schaffer with Pinnacle Marketing explains why. “The southeast swings above its weight on the demand side. We’re one of the biggest users of […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA quarterly stocks and planted acreage report is one of the biggest USDA reports of the year. The range of expectations was fairly narrow meaning most market participants thought they had a good idea of what USDA […]