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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 26, 2016, 08:44:48 AM CDT
Local Weather

Garber, Oklahoma (73738)

Current Conditions: Partly Cloudy
Temperature: 394°F Dew point: 70°F
Humidity: % Pressure: 30.06 in. Hg
Wind: 0 mph From:

Forecast

Friday

Hi: 88°
Lo: 69°
Saturday

Hi: 91°
Lo: 70°
Sunday

Hi: 91°
Lo: 70°
Monday

Hi: 90°
Lo: 70°
Tuesday

Hi: 91°
Lo: 70°

Zip Code:

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Commentary
Cattle -

Live cattle futures were mostly down 20 to 37.5 cents on Thursday. Feeders were mixed with August slightly higher at $146.725 as it expired. The CME

Wheat -

Wheat futures are trading steady, but fractionally mixed after Thursday trade left them mostly between 2 and 4 cents lower.  IGC raised its

Soybeans -

Soybean futures are trading 1 to 3 cents higher this morning following sharp losses on Wednesday. Export sales were solid, and the US Dollar was

Corn -

Corn futures are trading mostly a penny higher after they settled as much as 4 1/4 cents lower in the December contract on Thursday.  The

Ag Market Commentary -

Corn futures are trading mostly a penny higher after they settled as much as 4 1/4 cents lower in the December contract on Thursday.  The

Cotton -

Cotton futures are mostly down 6 to 11 points this morning.  They finished Thursday mixed, with December 25 points higher, and March 1 point

Full commentary...