Smoky Hill Family Farms
Nadine Novak · Cloud County, KS · Wes Tolliver · client since 2022
1.0M bu at 78% priced
$4.1M under management
Call before pricingCosts are estimatesLast spoke in 38 days7 other findings(785) 555-4994
176k 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
784k bu priced, 78% of expected production.
Revenue locked
$3,201,145
-$442,595 of it over break-even.
Basis left open
176k bu
Board locked, cash price not yet settled.
Sold, not hauled
784k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 31, 2026 | Corn new crop | Forward/HTA | 272k bu | $4.48 | -$0.28 | $4.20 | -$0.45 -$122,175 | Dec 2026 Clay Center Ethanol Not hauled |
| Apr 25, 2026 | Corn new crop | Cash | 148k bu | $4.16 | -$0.25 | $3.91 | -$0.74 -$109,372 | Dec 2026 Clay Center Ethanol Not hauled |
| Mar 21, 2026 | Corn new crop | Cash | 188k bu | $4.36 | -$0.27 | $4.09 | -$0.56 -$105,448 | Dec 2026 Clay Center Ethanol Not hauled |
| Feb 5, 2026 | Corn new crop | Forward/HTA | 176k bu | $4.34 | -$0.29 Open | $4.05 estimate | -$0.60 -$105,600 | 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 |
|---|---|---|---|
| Aug 9, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Jul 5, 2026 | Corn | Agreed, not yet executed | Agreed to place a resting order at the next target |
| Jun 3, 2026 | Corn | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| May 29, 2026 | Corn | Declined | Recommended moving old crop, client is holding for a rally |
| Apr 4, 2026 | Corn | Priced | Filled the resting order and confirmed the contract |
| Feb 23, 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.