Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets have been in full holiday mode all week with light volumes trading. Soybeans continue to trade each weather forecast for Brazil. The 10-15 day models continue to show rain and then as we get closer the models […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseeds markets continue to trade the same range on much of the same news we have been trading for the last few weeks. You can almost know exactly which way the precipitation forecast models are trending […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Wheat has continued to be the upside leader for the first time in a very long time. The funds had built pretty big short positions in wheat and the wheat market has been beat up by everything in […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and wheat were finally able to build some momentum on Thursday. December corn finally broke its streak of 5 lower closes in a row closing up 12 cents. Corn got a big boost from export sales that […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The holiday markets were not friendly to the grain and oilseed bulls last week. There were not any new headlines to move the market, just more of the same. The market is still trying to gauge how much […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The Thanksgiving week usually brings some lighter than normal volumes which can sometimes mean more volatility. If something major happens to move the market, big orders can move the market more than they would if we had normal […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grains continue to chop but have not been able to break out of the ranges we have been trading for the last few months. Soybeans were the leader this week as all eyes are on South American weather. […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. In Friday’s trade the market finished pricing in the USDA report then it was off to the races on Monday. Soybean meal led the way pulling soybeans up 35 cents and dragging corn and wheat higher as well. […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Yesterday November 9th USDA gave us updated supply and demand estimates. The November report is a big one because the market is still watching for adjustments to both the supply side from US yields and the demand side. […]

This week will be mostly about watching the weather in South America and positioning ahead of USDA’s latest supply and demand report coming out Thursday November 9th. The soybean market is starting to become concerned about Brazilian production as the market pushed to levels we have not seen since early September on Monday. It has […]