Antelope Flats Grain Co

Wade Cronin · Smith County, KS · Owen Speck · client since 2023

140k bu at 83% priced · 1,959 head at 67% sold

$5.3M under management

Call before pricingCosts from their booksLast spoke in 40 days6 other findings(785) 555-9044

Position Plan Working Orders Sales Break-evens Livestock Recap

Every rung on every ladder clears this family's cost of production plus the desk's $0.10 cushion, and nothing has passed its sell-by date. The plan is doing its job.

Corn new crop · Dec 2026

Break-even $4.34 · cash bid $4.34 · 75% priced against a 72% pace

Ladder covers 54% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.56	+$0.22	15% 8,774 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.80	+$0.46	17% 9,944 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$5.04	+$0.70	22% 13k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Corn old crop · Sep 2026

Break-even $3.88 · cash bid $4.17 · 96% priced against a 95% pace

Ladder covers 61% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.05	+$0.17	15% 8,653 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$4.26	+$0.38	24% 14k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$4.52	+$0.64	22% 13k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

Soybeans new crop · Nov 2026

Break-even $10.07 · cash bid $10.64 · 71% priced against a 72% pace

Ladder covers 57% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.62	+$0.55	15% 1,901 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$11.10	+$1.03	20% 2,534 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$11.77	+$1.70	22% 2,788 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Soybeans old crop · Aug 2026

Break-even $9.65 · cash bid $10.60 · 67% priced against a 95% pace

Ladder covers 75% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.18	+$0.53	15% 1,619 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$10.69	+$1.04	19% 2,050 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$11.29	+$1.64	25% 2,698 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$11.70	+$2.05	16% 1,727 bu	$1.10	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 $4.44 to count as clearing cost.