Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn has drifted lower making new lows for the month of October. However, despite a very fast harvest pace, the national corn basis has held steady although locally in the southeast the big local crop pushed basis levels […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain markets started off the week trading lower. Outside markets have not offered a clear direction with a big bounce in stocks and a lower dollar being a bullish influence but crude oil was also down hard which […]

Grain markets remain very rangebound. There is a lot in the news right now, but not a lot for the grains to pay attention to. We are getting through US harvest without any major shocks. Yields probably get trimmed a little more but nothing drastic. Farmers are selling very little so we do not have […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets have been fairly quiet most of the week, but quietly higher which is welcome. November beans had to try a few times trading above $13 before being able to close above that level. On Thursday, December corn […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. It was nice to have a monthly supply and demand report on a Thursday so we could finish pricing it in before the weekend. As expected USDA trimmed both corn and bean yields but not drastically. We have […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. USDA’s October supply and demand update came out yesterday at 12 noon. The October report is widely anticipated (and sometimes subject to surprises) because it includes harvest data on top of all the other estimating tools (surveys, satellite, […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets continue to trade a fairly narrow range despite the turmoil in the outside markets and elsewhere in the world. We will get USDA’s latest update on supply and demand this Thursday at 12 noon. On Friday’s report I will […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets have seemed to be treading water early in the week trading in fairly narrow trading ranges. The turmoil in the outside markets is having some effect on the grain trade but it is often offsetting in net effect. We […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The September stocks report has a history of dealing the market surprises but despite what it seemed like after looking at the market closes on Friday, the stocks report did not hold any major surprises. Corn stocks came […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets continue to tread water this week with nothing to push us out of the current trading ranges. Harvest continues at a rapid pace in the Midwest due to extremely dry soils. The rain that has fallen in […]