Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Yesterday afternoon we got USDA’s Weekly Crop Progress Report. Market had expected big progress to be made planting with the weather window open. As of Sunday, USDA estimated corn planting at 24% complete which advanced 12% from […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. There have been huge swings in the stock market this week, but that volatility did not spill over into the ag markets. Grains were relatively muted this week with corn and wheat drifting lower and beans finding […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Coming off the holiday weekend, corn and soybeans tried to rally in the overnight but were unable to hold the gains through the day session. Wheat closed down double digits after significant rains were added for the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The markets are closed today, Friday April 18th for the Easter holiday. Volume has been light and ranges small this week as it seems a lot of traders took the whole week off. Outside markets remain very […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn, wheat and beans closed the week on a high note last week despite continued turmoil in the outside markets. The 90 day pause on reciprocal tariffs helped the stock market rebound but the bond market continues […]

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 April supply and demand estimates yesterday, Thursday April 10th at noon but not too many people were watching due to the pandemonium in the outside markets that is occupying everyone’s attention. The ag markets […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The outside markets continue to get hammered due to the uncertainty surrounding the tariffs Trump announced last week. The market was expecting something reciprocal but immediately questioned the validity of the metrics used to calculate what tariffs […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The USDA report came and went on Monday without the fireworks we were expecting. The fireworks came after what Trump labeled liberation day. After several tariff deadlines came and went with the can being kicked down the […]

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 […]