Morning Star Farms
June Ostrander · Washington County, KS · Bree Sandoval · client since 2023
223k bu at 60% priced
$896K under management
Self directedCosts from their booksLast spoke in 4 months4 other findings(785) 555-2127
22k 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 June Ostrander plainly that this part of the position is not fully priced yet.
Contracts
6
134k bu priced, 60% of expected production.
Revenue locked
$543,703
-$15,902 of it over break-even.
Basis left open
22k bu
Board locked, cash price not yet settled.
Sold, not hauled
122k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 28, 2026 | Corn old crop | Basis | 14k bu | $4.39 | -$0.35 | $4.04 | +$0.20 $2,800 | Oct 2026 Washington County Elevator Not hauled |
| Jun 23, 2026 | Corn new crop | Cash | 56k bu | $4.53 | -$0.37 | $4.16 | -$0.23 -$12,788 | Dec 2026 Washington County Elevator Not hauled |
| Jun 1, 2026 | Corn new crop | Forward/HTA | 26k bu | $4.43 | -$0.40 | $4.03 | -$0.36 -$9,468 | Dec 2026 Washington County Elevator Not hauled |
| May 22, 2026 | Corn old crop | Cash | 4,600 bu | $4.39 | -$0.36 | $4.03 | +$0.19 $874 | Oct 2026 Washington County Elevator Not hauled |
| Apr 9, 2026 | Corn old crop | Forward/HTA | 12k bu | $4.27 | -$0.35 | $3.92 | +$0.08 $952 | Oct 2026 Washington County Elevator Hauled |
| Jan 5, 2026 | Corn old crop | Forward/HTA | 22k bu | $4.29 | -$0.37 Open | $3.92 estimate | +$0.08 $1,728 | Oct 2026 Washington County Elevator 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 |
|---|---|---|---|
| Oct 3, 2026 | Corn | Priced | Filled the resting order and confirmed the contract |
| Aug 13, 2026 | Corn | Check in | Season check in, no recommendation |
| May 14, 2026 | Corn | No answer | Left a message about the next tranche |
| Apr 29, 2026 | Corn | Check in | Season check in, no recommendation |
| Mar 16, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Jan 26, 2026 | Corn | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Jan 22, 2026 | Corn | Priced | Booked a forward contract inside the insurance guarantee |
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.