Clearwater Farms
Marie Albrecht · Washington County, KS · Owen Speck · client since 2022
96k bu at 75% priced
$591.5K under management
Call before pricingCosts are estimatesLast spoke in 40 days10 other findings(785) 555-5591
3,700 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 Marie Albrecht plainly that this part of the position is not fully priced yet.
Contracts
19
73k bu priced, 75% of expected production.
Revenue locked
$438,685
$19 of it over break-even.
Basis left open
3,700 bu
Board locked, cash price not yet settled.
Sold, not hauled
57k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 6, 2026 | Soybeans old crop | Forward/HTA | 3,700 bu | $11.02 | -$0.24 Open | $10.78 estimate | +$0.79 $2,923 | Aug 2026 Belleville Co-op Hauled |
| Apr 27, 2026 | Wheat old crop | Forward/HTA | 3,200 bu | $5.31 | -$0.24 | $5.07 | +$0.01 $32 | Aug 2026 Belleville Co-op Hauled |
| Apr 22, 2026 | Wheat new crop | Basis | 3,800 bu | $5.93 | -$0.27 | $5.66 | +$0.24 $912 | Jul 2027 Belleville Co-op Not hauled |
| Apr 20, 2026 | Corn new crop | Forward/HTA | 5,300 bu | $4.40 | -$0.08 | $4.32 | -$0.19 -$1,007 | Dec 2026 Belleville Co-op Not hauled |
| Apr 4, 2026 | Corn old crop | Basis | 1,900 bu | $4.45 | -$0.13 | $4.32 | -$0.20 -$380 | Aug 2026 Belleville Co-op Not hauled |
| Apr 4, 2026 | Soybeans new crop | Cash | 2,600 bu | $11.06 | -$0.25 | $10.81 | +$0.05 $130 | Nov 2026 Belleville Co-op Not hauled |
| Mar 9, 2026 | Wheat old crop | Cash | 3,400 bu | $5.26 | -$0.24 | $5.02 | -$0.04 -$136 | Aug 2026 Belleville Co-op Not hauled |
| Feb 27, 2026 | Soybeans old crop | Cash | 2,200 bu | $11.01 | -$0.25 | $10.76 | +$0.77 $1,694 | Aug 2026 Belleville Co-op Hauled |
| Feb 22, 2026 | Wheat new crop | Cash | 1,600 bu | $6.07 | -$0.26 | $5.81 | +$0.39 $624 | Jul 2027 Belleville Co-op Not hauled |
| Feb 18, 2026 | Corn old crop | Basis | 1,700 bu | $4.32 | -$0.08 | $4.24 | -$0.28 -$476 | Aug 2026 Belleville Co-op Not hauled |
| Feb 15, 2026 | Corn new crop | Forward/HTA | 2,900 bu | $4.38 | -$0.05 | $4.33 | -$0.18 -$522 | Dec 2026 Belleville Co-op Not hauled |
| Feb 7, 2026 | Soybeans new crop | Basis | 2,600 bu | $10.70 | -$0.26 | $10.44 | -$0.32 -$832 | Nov 2026 Belleville Co-op Not hauled |
| Jan 25, 2026 | Soybeans old crop | Forward/HTA | 2,600 bu | $10.55 | -$0.26 | $10.29 | +$0.30 $780 | Aug 2026 Belleville Co-op Hauled |
| Jan 19, 2026 | Wheat new crop | Forward/HTA | 6,500 bu | $6.02 | -$0.27 | $5.75 | +$0.33 $2,145 | Jul 2027 Belleville Co-op Not hauled |
| Jan 8, 2026 | Corn old crop | Forward/HTA | 4,000 bu | $4.41 | -$0.10 | $4.31 | -$0.21 -$840 | Aug 2026 Belleville Co-op Hauled |
| Dec 24, 2025 | Corn new crop | Cash | 9,000 bu | $4.33 | -$0.09 | $4.24 | -$0.27 -$2,430 | Dec 2026 Belleville Co-op Not hauled |
| Dec 18, 2025 | Wheat old crop | Basis | 5,000 bu | $5.28 | -$0.28 | $5.00 | -$0.06 -$300 | Aug 2026 Belleville Co-op Not hauled |
| Nov 10, 2025 | Corn old crop | Cash | 7,900 bu | $4.24 | -$0.11 | $4.13 | -$0.39 -$3,081 | Aug 2026 Belleville Co-op Not hauled |
| Nov 4, 2025 | Soybeans old crop | Forward/HTA | 2,700 bu | $10.55 | -$0.27 | $10.28 | +$0.29 $783 | Aug 2026 Belleville Co-op 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 |
|---|---|---|---|
| May 16, 2026 | Soybeans | No answer | Left a message about an expiring order |
| May 9, 2026 | Soybeans | Declined | Recommended pricing the next tranche, client wants to wait |
| Mar 25, 2026 | Soybeans | Declined | Recommended fixing basis, client wants to see spring |
| Dec 6, 2025 | Wheat | Agreed, not yet executed | Agreed to place a resting order at the next target |
| Nov 27, 2025 | Wheat | No answer | Left a message about the next tranche |
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.