Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Soybean oil was the star of the show Friday and Monday. It traded up the limit on Friday and then again moved another limit higher on Monday. The EPA released their much anticipated Renewable Volume Obligation (RVO) […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The June USDA Supply and Demand report is usually a nonevent and despite our hopeful expectations, this year was no exception. USDA typically does not make any changes to new crop supply or demand. Sometimes there are […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Weekly closes last week gave us at least a little encouragement to go into the weekend. Unfortunately Monday’s trade took a lot of that away. Wheat was the leader to the downside and in the absence of […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The driest areas of the Midwest have gotten rains this week. Not enough to break the drought, but it bought the crop some time. The weather has been near ideal for much of the corn belt and […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Bulls need to be fed and there has not been much for the grain bulls in a while. Corn crop conditions came out this week at 69% good/excellent which was right in line with expectations. That is […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Volume has been very lackluster on this holiday shortened week. All weekly reports were delayed by a day this week so we got our first look at condition ratings for corn on Tuesday afternoon. Corn was rated […]

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 […]