Brooks Schaffer

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Headlines for corn and wheat continue to lean at least a little bit bullish. Early yield reports for corn started off good but we are starting to hear more reports of disappointing numbers. Still probably going to […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn and soybeans had a strong day Friday capping off a good week for the bulls. Monday started off fairly quiet with mostly positioning ahead of the stocks report. The stocks report gives us the final old […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Finally, we have a week with a lot to talk about. Soybeans finally found a spark starting with dry weather in Brazil. November beans traded as low as $9.55 on Sept 16th and traded as high as […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Last week corn and soybeans went out with a whimper with soybeans testing support but holding over $10 and corn getting too close to support at $4 for comfort. Sunday night, corn and soybeans opened with a […]

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 traded with light volume most of the week without being able to get much traction in either direction. We are in the early stages of harvest in the US and there is not […]

This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. Corn shrugged off USDA’s yield increase on Friday closing strong to give us the third positive weekly close for the first time since April. Corn was able to shake off the higher yield since carryout did not […]

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 […]