Smoky Hill Family Farms
Nadine Novak · Cloud County, KS · Wes Tolliver · client since 2022
1.0M bu at 74% priced
$4.4M under management
Call before pricingCosts are estimatesLast spoke in 53 days4 other findings(785) 555-4994
167k 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 Nadine Novak plainly that this part of the position is not fully priced yet.
Contracts
4
743k bu priced, 74% of expected production.
Revenue locked
$3,305,283
-$151,062 of it over break-even.
Basis left open
167k bu
Board locked, cash price not yet settled.
Sold, not hauled
743k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 15, 2026 | Corn new crop | Forward/HTA | 258k bu | $4.62 | -$0.05 | $4.57 | -$0.08 -$20,608 | Dec 2026 Clay Center Ethanol Not hauled |
| Feb 7, 2026 | Corn new crop | Cash | 140k bu | $4.28 | -$0.02 | $4.26 | -$0.39 -$54,678 | Dec 2026 Clay Center Ethanol Not hauled |
| Jan 3, 2026 | Corn new crop | Cash | 179k bu | $4.49 | -$0.04 | $4.45 | -$0.20 -$35,720 | Dec 2026 Clay Center Ethanol Not hauled |
| Nov 20, 2025 | Corn new crop | Forward/HTA | 167k bu | $4.47 | -$0.06 Open | $4.41 estimate | -$0.24 -$40,056 | Dec 2026 Clay Center Ethanol 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 24, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Apr 19, 2026 | Corn | Agreed, not yet executed | Agreed to place a resting order at the next target |
| Mar 18, 2026 | Corn | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Mar 13, 2026 | Corn | Declined | Recommended moving old crop, client is holding for a rally |
| Jan 17, 2026 | Corn | Priced | Filled the resting order and confirmed the contract |
| Dec 8, 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.