Spring Branch Family Farms

Curt Novak · Washington County, KS · Katie Rennick · client since 2026

131k bu at 55% priced · 443 head at 62% sold

$1.8M under management

Call before pricingCosts are estimatesLast spoke in 40 days1 critical7 other findings(785) 555-4870

Position Plan Working Orders Sales Break-evens Livestock Recap

1 rung has passed their sell-by date with the bushels still unpriced. The plan prices those tranches on the calendar rather than the market, which is the whole point of writing a date next to a price. Either price them or agree a new date with the family and write it down.

Wheat new crop · Jul 2027

Break-even $5.71 · cash bid $5.72 · 29% priced against a 72% pace

Ladder covers 80% of the cropGuarantee 33k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.98	+$0.27	15% 5,851 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$6.35	+$0.64	21% 8,192 bu	$0.63	Jul 9, 2026 46 days ago Window Feb-May	Time stop passed
3	$6.59	+$0.88	21% 8,192 bu	$0.87	Sep 9, 2026 in 16 days Window Feb-May	Due soon
4	$6.98	+$1.27	23% 8,972 bu	$1.26	Nov 9, 2026 in 3 months Window Feb-May	Working

Soybeans new crop · Nov 2026

Break-even $9.51 · cash bid $10.74 · 76% priced against a 72% pace

Ladder covers 52% of the cropGuarantee 36k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.01	+$0.50	15% 6,694 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$10.42	+$0.91	17% 7,586 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$11.06	+$1.55	20% 8,925 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Soybeans old crop · Aug 2026

Break-even $10.84 · cash bid $10.70 · 57% priced against a 95% pace

Ladder covers 66% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$11.42	+$0.58	15% 7,056 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$11.89	+$1.05	15% 7,056 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$12.55	+$1.71	17% 7,997 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$13.25	+$2.41	19% 8,938 bu	$2.55	Feb 9, 2027 in 6 months Window Feb-May	Working

Rungs are sorted by price rather than by the order they were entered, because a scale-up ladder only reads as a ladder in price order. Distance is measured from the cash bid, which is the board plus the local basis, not from the board alone.

A rung that filled before its date is done rather than overdue. The desk's cushion over break-even is $0.10, because a break-even is itself an estimate and pricing exactly at one is pricing at the midpoint of an error bar. On this crop that means a rung has to clear $5.81 to count as clearing cost.