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National Newswire

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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 December 03, 2016, 07:51:05 PM CST
Local Weather

Garber, Oklahoma (73738)

Current Conditions: Light rain
Temperature: 45°F Dew point: 45°F
Humidity: 100% Pressure: 30.07 in. Hg
Wind: 10 mph From: East

Forecast

Saturday

Hi: 52°
Lo: 31°
Sunday

Hi: 54°
Lo: 30°
Monday

Hi: 43°
Lo: 24°
Tuesday

Hi: 33°
Lo: 14°
Wednesday

Hi: 32°
Lo: 16°

Zip Code:

© 2016 Freese-Notis Weather

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Commentary
Cotton -

Cotton futures posted small gains on Friday, but Dec16 ended the week 67 points lower than a week ago. Crude oil futures added another 62

Lean Hogs -

Lean hogs settled Friday trade mixed with Dec16 up 52.5 cents, and April 17 contract 30 cents lower. Dec futures ended the week 30 cents lower. The

Cattle -

Live cattle futures were sharply lower on Friday with most contracts losing more than $2. Dec16 was down 2.28% on the week.  December options

Wheat -

Wheat futures ended Friday mostly higher, but some of the MPLS contracts logged slight losses on the session. Most of the SRW contracts were 5 to 8

Soybeans -

Soybean futures slipped another 1 to 2 1/4 on Friday and the January contract lost a net 18 1/2  cents (-1.77%) from a week earlier after

Corn -

Corn futures ended Friday up more than a nickel for Dec16, but that contract still logged an 11 3/4 cent loss for the week. USDA reported last night

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