Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets continue to try to price in current geopolitical risks despite the whiplash that is causing. It seems like everywhere you turn, something is in turmoil or about to be. The grains are starting to grow somewhat […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. USDA elected to continue to kick the proverbial can down the road with their March supply and demand update. They have not made any changes to US corn or bean carryout since the Jan report now. One […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The market finished last week on a strong note and corn and wheat started off Monday with another positive close. Soybeans closed Monday lower due to harvest pressure from Brazil. Commitment of traders came out friday afternoon […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. A well used trading adage is escalator up and elevator down. In around 8 trading sessions, the market erased the gains it took more than 3 months to gain. We really did not need a reminder about […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The selloff in the grains started with a shift in the weather in South America a couple weeks ago. Areas that were too dry in Argentina started getting rain and the areas of Brazil that were too […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We got USDA’s Ag Outlook Forum numbers Thursday morning. I would call them mildly bearish for corn and wheat and mildly bullish for beans. They are not dramatically bigger or smaller than expected. However, these are just […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and beans continued the slide lower Monday after a disappointing close on Friday’s session. Corn gave up all of its gains for the week on Friday March corn approached a very important support level of $4.81 […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain markets were closed on Monday during the day session for Presidents Day. The market opened back up 8pm on Monday night. The weekly reports will be delayed by a day this week due to the holiday.  […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. My catch phrase for the month of February may be the roller coaster continues in the grain markets. The markets are trading South American weather and weather markets are notoriously volatile. On top of that you throw […]

As was expected, Tuesday’s WASDE report, the World Ag Supply and Demand Estimates, did not present a lot of changes. Brooks Shaffer, market advisor with Palmetto Grain in Ridgeland, South Carolina, says USDA played it safe with this report. “They do not make changes on the supply side. But there have we were ahead of […]