Iron Mound Ag
Janelle Novak · Republic County, KS · Katie Rennick · client since 2024
216k bu at 76% priced
$844.2K under management
Price to the planCosts are estimatesLast spoke in 4 months1 critical3 other findings(785) 555-9009
13k bu of Milo is contracted past the insurance guarantee. No further new-crop sales on this crop. Check whether coverage can go up, and if it cannot, tell Janelle Novak what the exposure is in bushels. 3 more findings on this family.
Priced
76%
164k bu of 216k bu · pace 72%
Revenue locked
$645.6K
$78,252 of it over break-even
On the table
$18.2K
Margin over cost in 52k bu unpriced, at today's bids.
Reading
Needs a call
1 live crop across 2,155 acres.
Milo new crop · Dec 2026
2,155 acres at 100 bu/acre · 216k bu expected
13k bu is forward contracted past the insurance guarantee
The Revenue Protection guarantee covers 151k bu. Everything above that carries production risk: a short crop has to be bought back, and a short crop and a rally arrive together. No further new-crop sales until the crop is closer to made or coverage goes up.
Break-even
$3.47
Estimated from county averages.
Cash bid today
$3.82
Board $4.05 with a -$0.23 basis.
Average sold
$3.95
+$0.48 over cost on 164k bu.
Bid over cost
+$0.35
$18,200 across the unpriced bushels.
Priced against pace76% of 72% target
52k bu unpricedStorage 110k bu, 51% of the crop164k bu sold, not hauled15k bu resting13k bu past the guarantee
Resting in the market
| Instrument | Bushels | Trigger | Away | Expires |
|---|---|---|---|---|
| Forward/HTA Mankato Elevator | 8,100 bu | $4.18 board | $0.13 | Good til canceled |
| Forward/HTA Mankato Elevator | 6,900 bu | $4.21 cash | $0.39 | Aug 25, 2026 1 days |
Every figure on this page is computed from the desk's records. Nothing here is a trade recommendation to the client: the plan is what they agreed to, the next action is what that plan calls for today, and a person decides.