Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. One of the joys of being a grain market analyst is I either have more to say than I can fit in the allotted time or there is almost nothing to say. This week has been the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We did not see a lot of new news last week to move the needle. The weather was trending more threatening with a prolonged heatwave with unusually warm nights forecast for much of the central US. Most […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn has tried to keep the key reversal alive this week. Soybeans made a few runs at the $10 level on the November contract this week. November did trade below $10 on Monday, but managed to close […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. This started off much better than last week for corn. After making new lows on the September and December contract overnight, the market was able to find strength to close higher. In technical chart analysis, this is […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans have tried a few times this week to get off the mat but have not been able to stage any recovery. The euphoria on rumors of trade deals and chinese purchases from last week […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets opened Sunday night with a bang after the Independence Day holiday, but it was not the direction we wanted. Corn and soybeans traded with some decent strength ahead of the holiday weekend. There were rumors that […]

USDA’s June Acreage and Grain Stocks Report is historically one of the more volatile pieces on the calendar, but Monday’s release left the markets relatively flat. Brooks Shaffer is a market analyst with Palmetto Grain in Ridgeland, South Carolina, and says Monday’s corn planting numbers provided little spark. “On the acreage side, it felt like […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. USDA released the Quarterly Stocks and Planted Acreage Report on Monday at noon. This is one of the biggest reports of the year and has a history of big surprises. This year was not one of those […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We are facing a heatwave outside and the grain markets decided to join in and go full meltdown. It is hard to imagine a more discouraging situation. Overall the weather is non-threatening in the Midwest and the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The US entered the conflict in the Middle East over the weekend but the energy markets did have much of a reaction. The US is a net exporter of energy and OPEC was pumping lots of excess […]