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
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
72k bu priced, 55% of expected production.
Revenue locked
$1,051,008
$116,176 of it over break-even.
Basis left open
11k bu
Board locked, cash price not yet settled.
Sold, not hauled
45k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 8, 2026 | Soybeans old crop | Forward/HTA | 10k bu | $10.74 | -$0.18 | $10.56 | -$0.28 -$2,828 | Aug 2026 Smith Center Feeders Hauled |
| Apr 27, 2026 | Soybeans new crop | Cash | 13k bu | $11.23 | -$0.12 | $11.11 | +$1.60 $20,320 | Nov 2026 Smith Center Feeders Not hauled |
| Apr 15, 2026 | Wheat new crop | Forward/HTA | 8,000 bu | $6.05 | -$0.29 | $5.76 | +$0.05 $400 | Jul 2027 Smith Center Feeders Not hauled |
| Mar 15, 2026 | Wheat new crop | Basis | 3,300 bu | $5.83 | -$0.32 | $5.51 | -$0.20 -$660 | Jul 2027 Smith Center Feeders Not hauled |
| Mar 12, 2026 | Soybeans old crop | Cash | 6,500 bu | $11.16 | -$0.09 | $11.07 | +$0.23 $1,495 | Aug 2026 Smith Center Feeders Hauled |
| Feb 28, 2026 | Soybeans new crop | Forward/HTA | 11k bu | $10.59 | -$0.14 Open | $10.45 estimate | +$0.94 $10,058 | Nov 2026 Smith Center Feeders Not hauled |
| Jan 25, 2026 | Soybeans old crop | Forward/HTA | 10k bu | $10.89 | -$0.17 | $10.72 | -$0.12 -$1,248 | Aug 2026 Smith Center Feeders Hauled |
| Dec 20, 2025 | Soybeans new crop | Cash | 10k bu | $10.52 | -$0.13 | $10.39 | +$0.88 $9,064 | 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 |
|---|---|---|---|
| Jul 14, 2026 | Soybeans | Check in | Walked through the position and the ladder |
| Nov 21, 2025 | 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.