Brooks Schaffer

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain markets got the USDA Prospective Planting and Quarterly Stocks Report on Thursday then was closed on Friday for Easter. Markets opened back up Sunday night on the normal schedule for the week. Bulls should be very glad […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Words cannot express how glad I am to have the USDA Prospective Planting and Quarterly Stocks Report behind us. To not get kicked in the shins by it is a really nice added bonus. This is one of […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Markets are trading with a noticeably lower volume as we wait for the biggest report so far in 2024. The USDA Prospective Planting and Quarterly Stocks Report that comes out this Thursday at noon followed by no trade […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain markets started the week off with Monday’s trade ending seeing wheat up double digits, corn close to unchanged and beans down around 10 cents. Soybeans started the session stronger with follow through buying from Friday’s NOPA domestic […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybean markets are working hard to gain some ground. Even with some bearish news to digest corn and beans are showing decent strength. It was worth noting that as of the last commitment of traders report, […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Usually the March USDA WASDE report contains very few changes or surprises and Friday’s report was no exception. USDA did not change anything on the corn or bean domestic balance sheet. On wheat they reduced exports by a […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Traders are positioning for USDA’s March update that comes out today, Friday March 8th, at 12 noon. The March report is typically not a big market mover on the US balance sheet and only very minor tweaks are […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. After making multi year lows during the trading session last Monday, Feb 26th, corn managed to claw out a pretty decent week last week. The funds have built a record short position in corn and were no doubt […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The question on everyone’s mind this week is, are the corn lows finally behind us? We have only traded back to where we were early last week, but it really feels like we have a weight off of […]

This is the Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. March corn broke through the $4 level on Friday. This was the first time we have been below $4 since 2020. Soybeans also traded to levels not seen since 2020. There is not much new fundamental news and […]