Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Soybeans opened the week Sunday night under additional selling pressure. Last week there were rumors of Chinese purchases that brought some buying into the soy complex that turned to selling after the purchases failed to materialize. Then the […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets opened back up Tuesday with a bang with corn wheat and soybeans all trading sharply higher. The strength could not hold and the markets closed the session well off the highs. All USDA weekly reports were delayed […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Wheat and soybeans remain the most volatile of the row crops. Wheat is still watching Russian weather. Private analysts are trying to get a handle on how much damage has been done and how it will affect the […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Monday saw wheat trade sharply higher closing up 37 cents gaining back much of what was lost last week. This bounce was in spite of higher than expected Kansas wheat tour results and beneficial rains over the weekend […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn market slipped a little late week as fund buying has slowed. We estimate they have bought back most of their short position in corn and beans. Now that the spec money is close to net neutral, look […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA May Supply and Demand report can set the tone for the growing season as it is our first look at the whole new crop balance sheets. Just about all the numbers on Friday came out within […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and beans gave back some of their recent gains late in the week as traders position for the USDA May Supply and Demand update that comes out today, May 10th, at noon. Funds who were carrying big […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Row crop markets continue to find significant strength led by beans. We know from the commitment of traders report that comes out every friday that the funds had started buying back the big short position as of last […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Row crop markets finally showed some life on Thursday with corn, wheat and soybeans all closing higher. There is not one single headline that seems to explain the big move higher but a culmination of a lot of […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Wheat was the clear leader to the upside last week. There are production issues popping up all over the world which have the spec funds rethinking their short positions. The rapid decline of crop conditions in the US […]