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Veteran Advisor

Floor Talk February 17

At 11:35am:

As we await the grain markets to re-open Tuesday, this allows us to take a look at LP prices. Yes, they have been falling. But, industry experts agree that solutions are needed for the future, to avoid more price spikes. One of the big issues deals with exports. Learn more about VLGC's and the unbelievable numbers we're putting up on the export market:

 

Propane flows out of U.S.

 

 &

 

Brazil's future for corn production is bright

 

Mike

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At 4:20am:

The commodity and stock markets are closed in the US on Monday to celebrate the national Presidents Day holiday. The grain and financial markets open at 7:00 PM on Monday night with the meat markets opening at 9:00 AM on Tuesday.

Trackers:
Overnight grain, soybean markets=Trading mostly higher.

ICE Brent Crude Oil=$0.42 per barrel higher.
Dollar=Lower.

Wall Street=Closed for President's Holiday.

World Markets=Asia/Pacific stocks were higher, Europe stocks higher.

 


More in a minute,

 

Mike

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Senior Contributor

Re: Floor Talk February 17

Hey Mike,

 

Porto Alegre-based consultancy Safras & Mercado announced that Brazil reached 21% of the soybean harvest last Friday. In the same week of last year, the country had harvested 15% and that is above the average for the period (12%).

 

 

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