Monday, January 25, 2021 3:18PM CST
Gulf Coast PADD 3 propane/propylene supplies have fallen for over three months amid strong export demand, leaving stocks at their lowest level in over 20 months and contributing to the lowest nationwide stocks in more than eight months.
March corn is up 3 1/4 cents per bushel, March soybeans are up 2 1/4 cents, and March KC wheat is up 1 cent.
Moderate gains in livestock trade Monday sparked renewed buyer support despite a rebound in grain prices and concerns about growing beef stocks. Beef cold storage levels moved to multi-year highs, creating underlying concern about the ability to sustain demand given the rising price levels.