Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets traded lower Friday and Monday. Much of the Midwest is facing significant heat from the ridge that has setup over the Southeast. Parts of the eastern belt have dried out but for the areas […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We got USDA’s June Supply and Demand on Wednesday June 12th at noon. The June report can be pretty quiet because we have not gotten through enough growing season for USDA to make changes to the crop size. […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans managed to close higher on Monday despite wheat’s best effort to pull the markets lower. Wheat has come under pressure from a variety of sources. The weather in Russia has not improved much but those […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and beans were long overdue for a bounce and finally showed some life on Thursday. Corn closed close to the highs finishing up 12 on the July and soybeans were up 22 cents finishing back at 12. […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Soybeans opened the week Sunday night under additional selling pressure. Last week there were rumors of Chinese purchases that brought some buying into the soy complex that turned to selling after the purchases failed to materialize. Then the […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets opened back up Tuesday with a bang with corn wheat and soybeans all trading sharply higher. The strength could not hold and the markets closed the session well off the highs. All USDA weekly reports were delayed […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Wheat and soybeans remain the most volatile of the row crops. Wheat is still watching Russian weather. Private analysts are trying to get a handle on how much damage has been done and how it will affect the […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Monday saw wheat trade sharply higher closing up 37 cents gaining back much of what was lost last week. This bounce was in spite of higher than expected Kansas wheat tour results and beneficial rains over the weekend […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn market slipped a little late week as fund buying has slowed. We estimate they have bought back most of their short position in corn and beans. Now that the spec money is close to net neutral, look […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA May Supply and Demand report can set the tone for the growing season as it is our first look at the whole new crop balance sheets. Just about all the numbers on Friday came out within […]