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Brooks Schaffer Market Report for Tuesday, Nov. 4th

Brooks Schaffer Market Report for Tuesday, Nov. 4th

Nov 4, 2025 | 2:00am
Soybeans continue to be the leader to the upside and traded back to levels we have not seen since July of last year. Curiously, there has still been no confirmation of the volume targets from the Chinese side. We have also not seen confirmation of what they are going to do with the ag tariffs […]
Encouraging Trade Developments in Asia, but More Progress Needed with China

Encouraging Trade Developments in Asia, but More Progress Needed with China

Nov 4, 2025 | 2:00am
President Trump held meetings with key Asian leaders last week and announced progress in trade negotiations with several countries.   The Office of the U.S. Trade Representative (USTR) announced agreements on reciprocal trade with Malaysia and Cambodia and frameworks for agreements on reciprocal trade with Thailand and Vietnam. U.S. Meat Export Federation (USMEF) President and CEO Dan Halstrom notes that […]
A new chapter for N.C. wine: Polk County’s first dedicated American Viticulture Area designation granted
Photo Credit: OldBarnWinery.com

A new chapter for N.C. wine: Polk County’s first dedicated American Viticulture Area designation granted

Nov 3, 2025 | 2:32pm
TRYON – The wine industry in North Carolina celebrates a significant milestone as the Alcohol and Tobacco Tax and Trade Bureau approved the establishment of the state’s seventh American Viticulture Area (AVA). The Tryon Foothills AVA, which spans around 176 square miles in Polk County and accounts for over 77 acres of quality winegrapes, provides […]
Trump administration says SNAP will be partially funded after judges’ rulings

Trump administration says SNAP will be partially funded after judges’ rulings

Nov 3, 2025 | 12:36pm
President Donald Trump’s administration says it will partially fund the SNAP food aid program after a pair of judges’ rulings required the payments to continue. That means grocery aid will resume for 1 in 8 Americans, though it has been delayed for millions already and the amount beneficiaries receive will be reduced. The U.S. Department of Agriculture said it would not continue the funding in November due to the government shutdown. Two federal judges ruled last week that the government was required to keep the program running. But both gave the administration leeway to pay for it entirely or partially. It can normally take up two two weeks to load beneficiaries’ debit cards.
The Ag Community is Still “Plugging Away”

The Ag Community is Still “Plugging Away”

Nov 3, 2025 | 2:00am
Much of 2025 has felt like one challenge after another for farm country. Whether that’s high input costs, a trade war, labor shortages, drought, or the government shutdown, much of the news this year has been negative. While it’s easy to feel a little gloom and doom, Washington State Department of Agriculture Director Derek Sandison […]
Cattle Markets Quickly Reacting to News Headlines

Cattle Markets Quickly Reacting to News Headlines

Nov 3, 2025 | 2:00am
It only took a couple of tweets on “X” and a few days to flip the cattle market on its head. That’s the opinion of Cassie Fish, a cattle market analyst and blogger for “The Beef.” She said it’s off-putting to see the cattle market go upside down so quickly. “It certainly is very disconcerting. […]
Let the Beef Market Work Itself Out
Photo Credit: Cindy Hyde-Smith Senate Website

Let the Beef Market Work Itself Out

Nov 3, 2025 | 2:00am
The pushback continues in Washington, D.C., against President Donald Trump’s plan to import beef from Argentina as a way to lower the price of beef in the U.S. Senator Cindy Hyde-Smith of Mississippi said they’ve gotten a lot of negative feedback. “Oh, my goodness, have we a gotten reaction? I saw Markwayne Mullen (of Oklahoma) […]
Brooks Schaffer Market Report for Friday, Oct. 31st

Brooks Schaffer Market Report for Friday, Oct. 31st

Oct 31, 2025 | 2:00am
This is the SFN Market Report with Brooks Schaffer of Palmetto Grain. Reach him at [email protected] or 843-540-4540. I was so sure going home Wednesday night that we would either have a big trade deal to talk about and the soybean market would rally, or Trump or Xi would blow the thing up and walk […]
Rain Brings Relief, but Drought Lingers in the Carolinas

Rain Brings Relief, but Drought Lingers in the Carolinas

Oct 31, 2025 | 2:00am
Well, something we have not seen in a couple of months from here in the Carolinas: substantive rain — and measurable rain at that. We have state Assistant Climatologist Corey Davis here. Corey, what did we see from the rain, and what are the totals looking like as the rain has started to move away? […]
Trump cuts tariffs on China after meeting Xi in South Korea

Trump cuts tariffs on China after meeting Xi in South Korea

Oct 30, 2025 | 7:21am
ABOARD AIR FORCE ONE (AP) — President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking. Trump’s aggressive use of tariffs since returning to the White House for a second term combined with China’s retaliatory limits on exports of rare earth elements gave the meeting newfound urgency. Trump told reporters he decided to reduce the current rate from 57% after the talks. Xi said Washington and Beijing would work to finalize their agreements to provide “peace of mind” to both countries and the rest of the world, according to a report on the meeting carried by Chinese state media.