FERRELLGAS PUTS UP EARNINGS

As one of the mlps which reports outside the mainstream reporting time, Ferrellgas announces earnings which by most measures look okay. The company is highlighting "adjusted ebitda" as up 23% and beating last years record. A couple of premarket trades are down a small fraction. This is the only corporate news item this morning as we near the end of quarter.

MLPS closed up 1 yesterday in a watching paint dry kind of day. This morning stock futures are a touch higher. Nothing on the upgrade downgrade list so far. Crude is down and nat gas is up this morning. Rates are flat or just a touch higher or lower depending where you look on the yield curve.

Its one of those mornings where there really isn't too much going on. Kay Shiller housing numbers were positive enough to nudge futures a few additional ticks. Other than that its a pretty boring morning out there.