Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and beans gave back some of their recent gains late in the week as traders position for the USDA May Supply and Demand update that comes out today, May 10th, at noon. Funds who were carrying big […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Row crop markets continue to find significant strength led by beans. We know from the commitment of traders report that comes out every friday that the funds had started buying back the big short position as of last […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Row crop markets finally showed some life on Thursday with corn, wheat and soybeans all closing higher. There is not one single headline that seems to explain the big move higher but a culmination of a lot of […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Wheat was the clear leader to the upside last week. There are production issues popping up all over the world which have the spec funds rethinking their short positions. The rapid decline of crop conditions in the US […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Row crop markets finished last week strong and saw follow through buying to start off this week as well. USDA releases the commitment of traders report every Friday and we saw a bit of a surprise last week […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. There is not a lot new to talk about in the row crop markets right now. Brazil is finishing up their soybean harvest. They are expected to be past 90% by the end of the week. Basis is […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets are still struggling to maintain any direction for long as we continue to bounce within the same trading ranges. We saw strong closes across the board on Friday as metals, energies and grains were […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. USDA released the April WASDE report yesterday, Thursday April 11th at noon. The April report is not usually a big market mover and this was no exception. USDA does not release new crop balance sheets in April or […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets lacked any directional conviction to start the week. With no news to move the market, markets are just waiting for the USDA report that comes out this Thursday, April 11th at noon and past […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets cannot find much to get excited about this week so far. Corn actually traded back down to the lows posted right before the report. However, acreage from USDA last week should also help keep […]