Brooks Schaffer

As was expected, Tuesday’s WASDE report, the World Ag Supply and Demand Estimates, did not present a lot of changes. Brooks Shaffer, market advisor with Palmetto Grain in Ridgeland, South Carolina, says USDA played it safe with this report. “They do not make changes on the supply side. But there have we were ahead of […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Grain and oilseed markets continue to trade mostly weather and closely follow geopolitics for direction. Weather model runs for South America show hints at improvement for crop development. It is trending dryer in Brazil where they need […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The roller coaster continues in the grain markets. We have a weather market in South America on top of more geopolitical risk than we have had in several years. Market participants are combing through all the headlines […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. If you feel like you have whiplash from watching the markets, you are not the only one. Last week we saw strength in the corn and beans from dryness in Argentina and too much rain in center […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans were able to find follow through strength for most of the week until Thursday. On Thursday, weakness in the soybeans was a drag on everything. There has not been a noticeable shift in the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Friday’s USDA report was a real bullish surprise for corn and soybeans. The adjustments from November 2024 to January 2025 were the second largest in history for both corn and soybeans. There are a lot of questions […]

Friday’s combined World Agricultural Supply and Demand Estimates report along with its final Crop Production estimates for 2024 provided some surprises for corn and soybeans Brooks Schaffer is a market analyst with Pinnacle Marketing in Ridgeland, South Carolina. “I think the lower end of the range on corn yield we were thinking we were, you […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Last week would have been a lot more constructive in the grain and oilseed markets if we had not had friday. We saw a washout in almost everything Friday and although we still managed to have some […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Looks like the bulls had Christmas and New Year’s in the grain and oilseed markets. Corn finally managed to break through the resistance and trade back to levels we have not seen since June. March corn closed […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. First the good news. Exports this week were at the center of the range of expectations for everything reported after being very disappointing last week. So it does not look like they have come to a screeching […]