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Exploratory Committee Announced

The Board of Directors of Progressive Ag Coop, headquartered in Danville and Wellington, KS, and Valley Coop, Inc., headquartered in Winfield, KS, has approved forming an exploratory committee on evaluating the possible benefits of a merger between the two farmer cooperatives.  A potential timeline will be set at a later date and a feasibility study will be one of the first steps of assessing outcomes of the possible merger. Progressive Ag Coop Board Chairman David Wedman commented, "Our goal as a COOP is to provide services for the member producers to help them to be efficient as possible in their operations while keeping local control of our facilities. If feasibility studies show this possible merger will help us to achieve this goal, then we will move forward.” Valley Coop, Inc. Board Chairman Craig Pringle added, “Both coops have strong balance sheets and strong business divisions that complement each very well. We are excited to study how this will bring more value to our members.” The coops have a diversified crop mix, both have ownership in CoMark Equity Alliance (their grain merchandising firm) and have an agronomy and feed division that would greatly build off each other. Progressive Ag Coop has 13 locations spread throughout Sumner, Harper Counties in Kansas and Grant County in Oklahoma. Valley Coop, Inc. has 6 locations throughout Cowley County Kansas. Both coops have operations in grain handling, agronomy, refined fuels and feed services.

Valley Coop Cash Bids
Name Delivery Start Delivery End Basis Month Futures Price Basis Cash Price Futures Change
WINFIELD

Quotes retrieved on September 26, 2017, 07:43:48 AM CDT
Market Snapshot
Quotes retrieved on September 26, 2017, 07:43:48 AM CDT
Commentary
Corn -

Corn futures are trading fractionally lower this morning. They were fractionally higher on Monday. USDA reported last night that the US corn harvest

Cattle -

Live cattle finished the Monday session with Dec limit down following Friday’s COF report. The other contracts were down by triple digits but

Soybeans -

Soybean futures are currently 2 to 3 cents lower after settling Monday with most contracts 9 1/4 to 13 cents in the red. Oct soy meal was down

Lean Hogs -

Lean hogs ended Monday with most nearby contracts a nickel to 80 cents higher and back months lower. The CME Lean Hog Index for 9/21 was $1.04 lower

Cotton -

Cotton futures are 40 to 50 points lower to begin Turnaround Tuesday after they were 68 to 100 points higher on Monday. The Monday rally came

Ag Market Commentary -

Corn futures are trading fractionally lower this morning. They were fractionally higher on Monday. USDA reported last night that the US corn harvest

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Cash Bid Information

Due to CBOT and KCBT market hour changes beginning April 8, 2013 

Valley Coop, Inc. will ONLY PURCHASE GRAIN DURING  MARKET HOURS OF 8:30 AM TO 1:00 PM MONDAY THRU FRIDAY  

Sunflowers are priced by the cwt and all other grains by the bushel. 

Refresh your screen to update to the latest prices. Prices shown are 15 minutes delayed and not live board prices. Bids are Subject to Change Without Notice. 

 

Winfield, Kansas (67156)

Current Conditions: Cloudy
Temperature: 64°F Dew point: 63°F
Humidity: 96% Pressure: 30.03 in. Hg
Wind: 8 mph From: North

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