Cash Bids
 

 

 

 
STATE USDA Newswire
Garber Coop Comments

EMA Fall Marketing Plans:

We all know that this year has been a large challenge to say the least. We are working to make sure we can dump your farmers fall crops. We are going to have a few changes to our fall marketing program. It is very difficult to find decent bids for the crop and with space as tight as it is we will be going to deferred payment only on Soybeans this fall. We will be charging a $.04 monthly charge. ($.01 better than storage). This will allow us to handle this crop as efficiently as possible. We will give the farmer until August 31, 2017 to price their beans.

We will also be going to cash or basis contracts only on Milo. The farmer will have the option to take the cash bid across the scale or set his basis against the May futures and have until April 30 to price his crop. We will not charge any storage on milo in the basis sale program. We think that both of the moves are necessary in order to protect our cooperatives against selling at such depressed values in the market.

--Troy Rigel

 

Garber Cooperative is making room for the 2016 corn harvest with the implementation of a wheat bunker. The bunker is expected to hold roughly 1.2 million bushels of wheat from the 2016 wheat harvest.

 

Oklahoma’s Right to Farm constitutional amendment will be on the ballot in the general election on November 8, 2016. To secure these constitutional rights for farmers and ranchers, Oklahoma agriculture needs to make our case to the press and the voters.

Vote "YES" on State Question 777.

 

 

 

 

 

Market Snapshot
Quotes retrieved on August 24, 2016, 11:21:47 PM CDT
Local Weather

Garber, Oklahoma (73738)

Current Conditions: Light Thunderstorm
Temperature: 75°F Dew point: 72°F
Humidity: 89% Pressure: 30.01 in. Hg
Wind: 5 mph From: Northwest

Forecast

Wednesday

Hi: 89°
Lo: 67°
Thursday

Hi: 90°
Lo: 69°
Friday

Hi: 93°
Lo: 69°
Saturday

Hi: 90°
Lo: 68°
Sunday

Hi: 88°
Lo: 67°

Zip Code:

© 2016 Freese-Notis Weather

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Commentary
Cotton -

Cotton futures are down 69 to 82 points at midday. The US Dollar Index is more than 200 points higher and October crude oil futures are currently

Lean Hogs -

Lean hog futures are mostly 37.5 to 52.5 cents lower at midday. The CME Lean Hog index is also lower, down 6 cents from the previous 2-day average

Cattle -

Live cattle futures are mostly 72.5 to 80 cents lower at midday.  Feeders are mixed with August 30 cents higher at $146.75 as it tries to

Wheat -

Wheat futures are trading from a penny to as much as 11 cents lower at midday.  The spread between nearby spring wheat vs. winter wheat is

Soybeans -

Soybean futures are mostly down 8 to 12 cents at midday.  September bean meal is 60 cents lower and Sept bean oil futures are down 58 cents on

Corn -

Corn futures are mostly 1 or 2 cents lower at midday.  Weekly data from the EIA showed ethanol production continuing at a historically strong

Full commentary...