Morning Star Farms
June Ostrander · Washington County, KS · Bree Sandoval · client since 2023
223k bu at 60% priced
$959.2K under management
Self directedCosts from their booksLast spoke in 5 months3 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
$583,349
$23,744 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 |
|---|---|---|---|---|---|---|---|---|
| May 12, 2026 | Corn old crop | Basis | 14k bu | $4.35 | -$0.12 | $4.23 | +$0.39 $5,460 | Aug 2026 Washington County Elevator Not hauled |
| Apr 7, 2026 | Corn new crop | Cash | 56k bu | $4.66 | -$0.14 | $4.52 | +$0.13 $7,228 | Dec 2026 Washington County Elevator Not hauled |
| Mar 16, 2026 | Corn new crop | Forward/HTA | 26k bu | $4.57 | -$0.17 | $4.40 | +$0.01 $263 | Dec 2026 Washington County Elevator Not hauled |
| Mar 6, 2026 | Corn old crop | Cash | 4,600 bu | $4.35 | -$0.13 | $4.22 | +$0.38 $1,748 | Aug 2026 Washington County Elevator Not hauled |
| Jan 22, 2026 | Corn old crop | Forward/HTA | 12k bu | $4.23 | -$0.12 | $4.11 | +$0.27 $3,213 | Aug 2026 Washington County Elevator Hauled |
| Oct 20, 2025 | Corn old crop | Forward/HTA | 22k bu | $4.25 | -$0.14 Open | $4.11 estimate | +$0.27 $5,832 | Aug 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 |
|---|---|---|---|
| Jul 18, 2026 | Corn | Priced | Filled the resting order and confirmed the contract |
| May 28, 2026 | Corn | Check in | Season check in, no recommendation |
| Feb 26, 2026 | Corn | No answer | Left a message about the next tranche |
| Feb 11, 2026 | Corn | Check in | Season check in, no recommendation |
| Dec 29, 2025 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Nov 10, 2025 | Corn | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Nov 6, 2025 | 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.