Pawnee Ridge Farms

Cole Larsen · Jewell County, KS · Katie Rennick · client since 2019

680k bu at 67% priced

$4.7M under management

Price to the planCosts from their booksLast spoke in 54 days1 critical4 other findings(785) 555-7036

Position Plan Working Orders Sales Break-evens Livestock Recap

1 rung has passed their sell-by date with the bushels still unpriced. The plan prices those tranches on the calendar rather than the market, which is the whole point of writing a date next to a price. Either price them or agree a new date with the family and write it down.

Wheat new crop · Jul 2027

Break-even $5.14 · cash bid $5.75 · 32% priced against a 72% pace

Ladder covers 80% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.41	+$0.27	15% 36k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$5.68	+$0.54	22% 53k bu	$0.00	Jul 9, 2026 46 days ago Window Feb-May	Time stop passed
3	$6.01	+$0.87	19% 46k bu	$0.26	Sep 9, 2026 in 16 days Window Feb-May	Due soon
4	$6.27	+$1.13	24% 58k bu	$0.52	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat old crop · Sep 2026

Break-even $5.60 · cash bid $5.20 · 97% priced against a 95% pace

Ladder covers 50% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.85	+$0.25	15% 39k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$6.21	+$0.61	17% 44k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$6.49	+$0.89	18% 47k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

Soybeans new crop · Nov 2026

Break-even $9.91 · cash bid $10.78 · 71% priced against a 72% pace

Ladder covers 55% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.45	+$0.54	15% 27k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$10.85	+$0.94	16% 29k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$11.46	+$1.55	24% 43k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Rungs are sorted by price rather than by the order they were entered, because a scale-up ladder only reads as a ladder in price order. Distance is measured from the cash bid, which is the board plus the local basis, not from the board alone.

A rung that filled before its date is done rather than overdue. The desk's cushion over break-even is $0.10, because a break-even is itself an estimate and pricing exactly at one is pricing at the midpoint of an error bar. On this crop that means a rung has to clear $5.24 to count as clearing cost.