Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. After all the hype and buildup, the USDA quarterly stocks report and prospective planting report were both very boring. But you will not hear one complaint from me. The corn bulls have been worried about this report […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Volume in the grain markets has been extremely low. It has the feel of a holiday market but there is no holiday. Harvest is over the hump in Brazil and getting rolling in Argentina with no major […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Today, Tuesday March 25th, is only 6 days away from the all important Prospective Planting and Quarterly Stocks Report that USDA will release Monday March 31st at 12 noon. I will be able to include all the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets continue to try to price in current geopolitical risks despite the whiplash that is causing. It seems like everywhere you turn, something is in turmoil or about to be. The grains are starting to grow somewhat […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. USDA elected to continue to kick the proverbial can down the road with their March supply and demand update. They have not made any changes to US corn or bean carryout since the Jan report now. One […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The market finished last week on a strong note and corn and wheat started off Monday with another positive close. Soybeans closed Monday lower due to harvest pressure from Brazil. Commitment of traders came out friday afternoon […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. A well used trading adage is escalator up and elevator down. In around 8 trading sessions, the market erased the gains it took more than 3 months to gain. We really did not need a reminder about […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The selloff in the grains started with a shift in the weather in South America a couple weeks ago. Areas that were too dry in Argentina started getting rain and the areas of Brazil that were too […]

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 Ag Outlook Forum numbers Thursday morning. I would call them mildly bearish for corn and wheat and mildly bullish for beans. They are not dramatically bigger or smaller than expected. However, these are just […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and beans continued the slide lower Monday after a disappointing close on Friday’s session. Corn gave up all of its gains for the week on Friday March corn approached a very important support level of $4.81 […]