Spring Branch Family Farms
Curt Novak · Washington County, KS · Katie Rennick · client since 2026
131k bu at 58% priced · 443 head at 92% sold
$1.7M under management
Call before pricingCosts are estimatesLast spoke in 25 days9 other findings(785) 555-4870
11k bu is priced on the board with the basis still open, so the average price below is an estimate on those bushels rather than a number. Somebody has to ring the elevator and fix it, or tell Curt Novak plainly that this part of the position is not fully priced yet.
Contracts
8
76k bu priced, 58% of expected production.
Revenue locked
$1,186,635
$99,273 of it over break-even.
Basis left open
11k bu
Board locked, cash price not yet settled.
Sold, not hauled
49k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 24, 2026 | Soybeans old crop | Forward/HTA | 10k bu | $10.76 | -$0.48 | $10.28 | -$0.56 -$5,656 | Oct 2026 Smith Center Feeders Hauled |
| Jul 13, 2026 | Soybeans new crop | Cash | 13k bu | $11.21 | -$0.42 | $10.79 | +$1.28 $16,768 | Nov 2026 Smith Center Feeders Not hauled |
| Jul 1, 2026 | Wheat new crop | Forward/HTA | 10k bu | $5.94 | -$0.63 | $5.31 | -$0.40 -$4,080 | Jul 2027 Smith Center Feeders Not hauled |
| May 31, 2026 | Wheat new crop | Basis | 4,200 bu | $5.72 | -$0.66 | $5.06 | -$0.65 -$2,730 | Jul 2027 Smith Center Feeders Not hauled |
| May 28, 2026 | Soybeans old crop | Cash | 6,500 bu | $11.18 | -$0.39 | $10.79 | -$0.05 -$325 | Oct 2026 Smith Center Feeders Hauled |
| May 16, 2026 | Soybeans new crop | Forward/HTA | 11k bu | $10.57 | -$0.44 Open | $10.13 estimate | +$0.62 $6,882 | Nov 2026 Smith Center Feeders Not hauled |
| Apr 12, 2026 | Soybeans old crop | Forward/HTA | 10k bu | $10.91 | -$0.47 | $10.44 | -$0.40 -$4,160 | Oct 2026 Smith Center Feeders Hauled |
| Mar 7, 2026 | Soybeans new crop | Cash | 11k bu | $10.50 | -$0.43 | $10.07 | +$0.56 $5,936 | Nov 2026 Smith Center Feeders Not hauled |
Net cash is the board plus the basis, which is the only price the family is actually paid. Where the basis is open the stored figure is today's estimate rather than a settled price, so the average across the account moves until somebody fixes it.
What was advised, and what they decided
| Date | Crop | Outcome | Recommendation |
|---|---|---|---|
| Sep 29, 2026 | Soybeans | Check in | Walked through the position and the ladder |
| Feb 6, 2026 | Wheat | Declined | Recommended pricing the next tranche, client wants to wait |
TODO: the contact history in this demo is synthetic. These are invented conversations and they must be cleared before anybody outside the desk sees this page. The record itself is the point: it is the least glamorous thing in the product and probably the most valuable.