Brooks Schaffer

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 […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. In response to an incident that was dubbed the Great Russian Grain Robbery in the early 1970s, the USDA developed reporting requirements and releases to make the exports transparent to the market. Everytime anyone in the US […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. I have mentioned previously I was surprised at how well soybeans had held on despite the forecast for rain in Brazil which should get the crop planted and up. I guess I spoke too soon as it […]

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 latest supply and demand estimates on Friday. The market only expected very minor adjustments and that is what USDA delivered. USDA pegged corn carryout just barely below the psychologically important 2 billion bushel level […]