Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans posted key reversals Tuesday. That is a technical trading term that is used when a market makes new lows but then closes higher. Bulls hope that means the market has run out of willing sellers […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets start the week off on a sour note with March beans closing below $12 for the first time and March corn posting a new low close as well. Beans, corn and wheat were able […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets continue to chop ahead of USDA’s data dump this afternoon, Jan 12th, at noon. Beans have been weak for most of the week. Corn and wheat have managed to scratch out some positive closes […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The second week of 2024 is not starting off any more friendly for the grain bulls as the first week. Soybeans started off the week down double digits, corn down a nickel and wheat down almost 20 cents. […]

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 New Year on a bearish note led lower by beans and wheat. Corn is still just along for the ride. The weakness came mostly from weather as the Northern growing region of Brazil […]

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 […]