Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Thanksgiving week brings thin volume, and market moves can sometimes be exaggerated in either direction. Most years, the majority of the week trades like watching paint dry and is punctuated with a few hours of wild moves […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The week of Thanksgiving is always fun in the grain markets because we typically have thin volume, which can mean a lack of liquidity if there is a big market-moving headline. Also, first notice day for December […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. This market has a way of making everyone feel foolish. After Monday’s blistering trade to new highs in soybeans, I wrote that I was surprised to see such a huge reaction to a few cargoes of soybeans. […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Friday’s catch-up USDA report did not offer a lot for the bulls. USDA did lower corn yield, but not nearly as much as the market was hoping. It dropped corn yield seven-tenths of a bushel to 186.0 […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets are already positioning ahead of the USDA report that will be released this Friday, Nov. 14, at noon. It was supposed to be released Monday, Nov. 10, but the government shutdown threw a wrench in that. […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. In the days after the meeting between Trump and Xi, there were a lot of headlines made by U.S. announcements, but the Chinese side was curiously quiet. This week, they have released more details of the agreement […]

Soybeans continue to be the leader to the upside and traded back to levels we have not seen since July of last year. Curiously, there has still been no confirmation of the volume targets from the Chinese side. We have also not seen confirmation of what they are going to do with the ag tariffs […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. I was so sure going home Wednesday night that we would either have a big trade deal to talk about and the soybean market would rally, or Trump or Xi would blow the thing up and walk […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Soybeans have been leading the ag markets higher on a dry stretch of weather in South America and optimism about the upcoming meeting between President Trump and Chinese President Xi Jinping next week. Current planting progress in […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Monday’s session did not have a lot of new news to trade on. Export inspections were within expectations on corn and wheat, and above on beans, but still well below last year’s level. That is due to […]