Silver Sage Farms
Elaine Iverson · Webster County, NE · Katie Rennick · client since 2024
126k bu at 76% priced · 341 head at 65% sold
$1.4M under management
Call before pricingCosts are estimatesLast spoke in 21 days3 other findings(785) 555-3008
13k 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 Elaine Iverson plainly that this part of the position is not fully priced yet.
Contracts
9
96k bu priced, 76% of expected production.
Revenue locked
$1,047,398
$171,793 of it over break-even.
Basis left open
13k bu
Board locked, cash price not yet settled.
Sold, not hauled
88k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 5, 2026 | Soybeans old crop | Cash | 8,100 bu | $10.90 | -$0.01 | $10.89 | +$0.48 $3,888 | Aug 2026 Superior Crush Not hauled |
| Apr 26, 2026 | Corn new crop | Forward/HTA | 33k bu | $4.62 | $0.06 | $4.68 | +$0.28 $9,240 | Dec 2026 Superior Crush Not hauled |
| Apr 17, 2026 | Soybeans new crop | Forward/HTA | 7,600 bu | $11.35 | -$0.03 | $11.32 | +$1.87 $14,212 | Nov 2026 Superior Crush Not hauled |
| Mar 14, 2026 | Soybeans old crop | Forward/HTA | 3,800 bu | $10.86 | -$0.06 | $10.80 | +$0.39 $1,482 | Aug 2026 Superior Crush Hauled |
| Feb 28, 2026 | Corn new crop | Forward/HTA | 13k bu | $4.58 | $0.06 Open | $4.64 estimate | +$0.24 $3,000 | Dec 2026 Superior Crush Not hauled |
| Feb 19, 2026 | Soybeans new crop | Forward/HTA | 3,900 bu | $10.54 | -$0.05 | $10.49 | +$1.04 $4,056 | Nov 2026 Superior Crush Not hauled |
| Dec 23, 2025 | Soybeans old crop | Cash | 3,900 bu | $10.70 | -$0.01 | $10.69 | +$0.28 $1,092 | Aug 2026 Superior Crush Hauled |
| Dec 21, 2025 | Soybeans new crop | Cash | 12k bu | $10.78 | -$0.08 | $10.70 | +$1.25 $14,750 | Nov 2026 Superior Crush Not hauled |
| Nov 20, 2025 | Soybeans old crop | Basis | 11k bu | $10.94 | -$0.04 | $10.90 | +$0.49 $5,390 | Aug 2026 Superior Crush 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 |
|---|---|---|---|
| Jun 24, 2026 | Corn | Declined | Recommended moving old crop, client is holding for a rally |
| Mar 27, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Jan 19, 2026 | Corn | Check in | Updated break-evens from their books |
| Jan 6, 2026 | Soybeans | Check in | Walked through the position and the ladder |
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.