Silver Sage Farms
Elaine Iverson · Webster County, NE · Katie Rennick · client since 2024
126k bu at 79% priced · 341 head at 95% sold
$1.3M under management
Call before pricingCosts are estimatesLast spoke in 6 days7 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
99k bu priced, 79% of expected production.
Revenue locked
$1,155,149
$168,580 of it over break-even.
Basis left open
13k bu
Board locked, cash price not yet settled.
Sold, not hauled
92k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 21, 2026 | Soybeans old crop | Cash | 8,100 bu | $10.92 | -$0.31 | $10.61 | +$0.20 $1,620 | Oct 2026 Superior Crush Not hauled |
| Jul 12, 2026 | Corn new crop | Forward/HTA | 34k bu | $4.48 | -$0.17 | $4.31 | -$0.09 -$3,042 | Dec 2026 Superior Crush Not hauled |
| Jul 3, 2026 | Soybeans new crop | Forward/HTA | 8,400 bu | $11.33 | -$0.33 | $11.00 | +$1.55 $13,020 | Nov 2026 Superior Crush Not hauled |
| May 30, 2026 | Soybeans old crop | Forward/HTA | 3,800 bu | $10.88 | -$0.36 | $10.52 | +$0.11 $418 | Oct 2026 Superior Crush Hauled |
| May 16, 2026 | Corn new crop | Forward/HTA | 13k bu | $4.44 | -$0.17 Open | $4.27 estimate | -$0.13 -$1,664 | Dec 2026 Superior Crush Not hauled |
| May 7, 2026 | Soybeans new crop | Forward/HTA | 4,400 bu | $10.52 | -$0.35 | $10.17 | +$0.72 $3,168 | Nov 2026 Superior Crush Not hauled |
| Mar 10, 2026 | Soybeans old crop | Cash | 3,900 bu | $10.72 | -$0.31 | $10.41 | +$0.00 $0 | Oct 2026 Superior Crush Hauled |
| Mar 8, 2026 | Soybeans new crop | Cash | 13k bu | $10.76 | -$0.38 | $10.38 | +$0.93 $12,276 | Nov 2026 Superior Crush Not hauled |
| Feb 5, 2026 | Soybeans old crop | Basis | 11k bu | $10.96 | -$0.34 | $10.62 | +$0.21 $2,310 | Oct 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 |
|---|---|---|---|
| Sep 9, 2026 | Corn | Declined | Recommended moving old crop, client is holding for a rally |
| Jun 12, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Apr 6, 2026 | Corn | Check in | Updated break-evens from their books |
| Mar 24, 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.