Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. September USDA supply and demand report was pretty much a yawner. The September report historically is not a big market mover because we have not seen enough harvest data yet to be incorporated into the data. The […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Friday’s selloff was not enjoyable but a pullback is a healthy part of any price rally. Without pullbacks the market can get overbought and get ahead of the technical indicators (moving averages and strength indices) that are […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Since the first notice day lows, December corn has rallied 27 cents, November beans have rallied more than 60 cents and December wheat is up 50 cents. There are several factors contributing to the strength but the […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The ProFarmer crop tour is behind us and now priced in. The market is watching the last few weeks of US weather that matters and waiting for the USDA Sept report that comes out on September 12th […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Friday after the close ProFarmer released their national yield estimates for both corn and soybeans. They also released their state yields for each state of the tour. The state numbers released throughout the week are not statewide […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Market is closely following the ProFarmer crop tour going across the Midwest this week. At the time of this recording, we have gotten the tour yield for Illinois, Nebraska, Indiana, South Dakota and Ohio. Thursday at 8pm, […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. The Pro Farmer Crop Tour got underway yesterday, Monday August 19th. The tour has traveled the same route and used the same yield estimating procedures since 1993 to make year to year comparisons useful. The tour starts […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. We have had several sessions to digest USDA’s latest numbers now and there has not been much for the bulls to hang their hopes on. We have seen good news on the demand side this week in […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Yesterday we got USDA’s August supply and demand report. This can be a big market mover because it was the first time this year USDA gave us an actual estimate of yield based on satellite data and […]

Corn and soybeans continue to work lower, challenging recent support levels. Since the weather scare a few weeks ago, the weather has turned close to ideal for much of the Midwest. The funds still have a very large short position but have bought back some positions. The fund buying was offset by farmer selling as […]