Brooks Schaffer

Friday’s combined World Agricultural Supply and Demand Estimates report along with its final Crop Production estimates for 2024 provided some surprises for corn and soybeans Brooks Schaffer is a market analyst with Pinnacle Marketing in Ridgeland, South Carolina. “I think the lower end of the range on corn yield we were thinking we were, you […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Last week would have been a lot more constructive in the grain and oilseed markets if we had not had friday. We saw a washout in almost everything Friday and although we still managed to have some […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Looks like the bulls had Christmas and New Year’s in the grain and oilseed markets. Corn finally managed to break through the resistance and trade back to levels we have not seen since June. March corn closed […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. First the good news. Exports this week were at the center of the range of expectations for everything reported after being very disappointing last week. So it does not look like they have come to a screeching […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The volume in the grain and oilseed markets has still not recovered to what we were seeing before Thanksgiving. There is just nothing new to push the markets out of the ranges we have been trading for […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Well after making a big deal for the last few weeks about how the December USDA report was going to be a nonevent and there were not going to be major changes, I had to eat my […]

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 found some strength on Friday and some follow through on Monday during the day session. Beans could not hold the strength and closed lower while corn and wheat closed up but still off […]

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 […]