Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans have managed to put together a few positive closes in a row. Planting continues to progress faster than the five year average. The funds have been massive sellers of corn, soybeans and wheat the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We had a much quieter Monday this week compared to last week. Both the corn and bean balance sheets are tight enough that we cannot afford any weather hiccup, but with the fast planting pace and a […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The progress on trade with China and the May USDA report were bullish on Monday. The fast planting progress reported on Monday afternoon weighed on the corn market. Weekly ethanol production report out on Wednesday was not […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. On Monday we got more data and news than we were able to process in one day. The US Treasury Secretary met with a Chinese delegation in Switzerland over the weekend. What was expected was just the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We have seen a fast planting pace in the US so far and the forecast indicates a warm and dry stretch over the next 7 days for most of the Midwest. The planters will keep running wide […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets were all off hard on Monday with front month contracts trading down double digits in corn, wheat and soybeans. The commitment of traders report on Friday after the close showed the funds were […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Rains in the Midwest have shrunk the area of drought in the US. Only 20% of US corn production area is currently experiencing drought conditions. That is dramatically lower than the 60% of corn production areas in […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Yesterday afternoon we got USDA’s Weekly Crop Progress Report. Market had expected big progress to be made planting with the weather window open. As of Sunday, USDA estimated corn planting at 24% complete which advanced 12% from […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. There have been huge swings in the stock market this week, but that volatility did not spill over into the ag markets. Grains were relatively muted this week with corn and wheat drifting lower and beans finding […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Coming off the holiday weekend, corn and soybeans tried to rally in the overnight but were unable to hold the gains through the day session. Wheat closed down double digits after significant rains were added for the […]