Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. As expected we saw very low volumes last week in the grain and oilseed markets through the holiday. Beans continue to be under selling pressure as there is currently no threats to the South American crop. The […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Thanksgiving week usually brings smaller volumes to the grain markets. Most of the time that means the markets continue to trade the same ranges we were before the holiday week, but lower volume can cause higher volatility […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. More of the same for news flow this week. Exports remain strong. Domestic demand remains very strong but the market cannot seem to find any bullish traction. Corn is holding on better than beans. Beans are coming […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. This is the last full week before Thanksgiving’s shortened week, and volume has already been noticeably lower. Coming on the shortened week next week, we have first notice day on the December contracts. Grain and oilseeds finished […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Market trade this week has been decidedly bearish so far. Hoping for a Friday to change the trend. Corn and beans both hit resistance levels and could not break through and have both seen a pullback with […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. You would not have guessed it from the close on Friday or Monday, but the USDA report Friday was very friendly for beans and also friendly for corn. USDA dropped soybean yield by a whopping 1.4 bushels. […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Election day is behind us and the outcome is not in question. That is a weight off the market right now. The markets have not started pricing in policies of the new administration yet because frankly, we […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Today is Election Day. The hope from the market’s perspective in the short term is that we know who the winner is. There have been so many promises made by both sides that we do not know […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Friday’s trade has fit the pattern of the last few weeks where we saw a lot of pre-hedge pressure come into the market before the weekend. Harvest continues on a blistering pace. On Monday, USDA reported corn […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Monsoon season in Brazil has now started in earnest with virtually all the major growing regions receiving another 2 to 3 inches of rain this week. Everyone down there is planting as fast as they can to […]