Brooks Schaffer

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 […]

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 […]