Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybean markets are working hard to gain some ground. Even with some bearish news to digest corn and beans are showing decent strength. It was worth noting that as of the last commitment of traders report, […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Usually the March USDA WASDE report contains very few changes or surprises and Friday’s report was no exception. USDA did not change anything on the corn or bean domestic balance sheet. On wheat they reduced exports by a […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Traders are positioning for USDA’s March update that comes out today, Friday March 8th, at 12 noon. The March report is typically not a big market mover on the US balance sheet and only very minor tweaks are […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. After making multi year lows during the trading session last Monday, Feb 26th, corn managed to claw out a pretty decent week last week. The funds have built a record short position in corn and were no doubt […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The question on everyone’s mind this week is, are the corn lows finally behind us? We have only traded back to where we were early last week, but it really feels like we have a weight off of […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. March corn broke through the $4 level on Friday. This was the first time we have been below $4 since 2020. Soybeans also traded to levels not seen since 2020. There is not much new fundamental news and […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Even many market analysts who were bearish have been surprised at how fast corn and soybean markets have dropped. The selling has been relentless and it has come in a combination of the funds building short positions and […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA outlook conference is underway yesterday and today. USDA will give us the first glimpse of the new crop production and balance sheet estimates. This data is compiled by the USDA economists and not from survey data […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets closed higher on Monday despite strength in the dollar and weakness in crude oil. There were also big general rains across much of Argentina and Brazil furthering crop development which should have been bearish […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA February report is typically a non-event as there are not typically any big changes made. USDA does not make changes to the US crop size and typically only minor changes to the demand side. South American […]