Bluestem Farms
Tessa Jansen · Clay County, KS · Katie Rennick · client since 2019
552k bu at 77% priced
$2.9M under management
Price to the planCosts from their booksLast spoke in 45 days2 other findings(785) 555-4727
19k 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 Tessa Jansen plainly that this part of the position is not fully priced yet.
Contracts
15
423k bu priced, 77% of expected production.
Revenue locked
$2,168,636
$115,277 of it over break-even.
Basis left open
19k bu
Board locked, cash price not yet settled.
Sold, not hauled
312k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 9, 2026 | Soybeans new crop | Cash | 26k bu | $10.86 | -$0.14 | $10.72 | +$0.73 $18,834 | Nov 2026 Concordia Grain Not hauled |
| May 8, 2026 | Wheat old crop | Basis | 28k bu | $5.35 | -$0.29 | $5.06 | -$0.22 -$6,204 | Aug 2026 Concordia Grain Not hauled |
| May 7, 2026 | Wheat new crop | Forward/HTA | 19k bu | $5.84 | -$0.29 | $5.55 | +$0.66 $12,276 | Jul 2027 Concordia Grain Not hauled |
| Apr 29, 2026 | Milo new crop | Basis | 40k bu | $4.09 | -$0.20 | $3.89 | +$0.37 $14,911 | Dec 2026 Concordia Grain Not hauled |
| Apr 7, 2026 | Milo old crop | Forward/HTA | 27k bu | $3.89 | -$0.17 | $3.72 | -$0.25 -$6,625 | Aug 2026 Concordia Grain Not hauled |
| Mar 20, 2026 | Wheat old crop | Forward/HTA | 19k bu | $5.63 | -$0.26 Open | $5.37 estimate | +$0.09 $1,710 | Aug 2026 Concordia Grain Not hauled |
| Mar 19, 2026 | Wheat new crop | Forward/HTA | 15k bu | $5.84 | -$0.27 | $5.57 | +$0.68 $9,996 | Jul 2027 Concordia Grain Not hauled |
| Mar 14, 2026 | Milo old crop | Forward/HTA | 25k bu | $3.92 | -$0.22 | $3.70 | -$0.27 -$6,669 | Aug 2026 Concordia Grain Hauled |
| Mar 14, 2026 | Soybeans new crop | Cash | 8,200 bu | $11.40 | -$0.09 | $11.31 | +$1.32 $10,824 | Nov 2026 Concordia Grain Not hauled |
| Feb 12, 2026 | Milo new crop | Cash | 34k bu | $4.00 | -$0.21 | $3.79 | +$0.27 $9,180 | Dec 2026 Concordia Grain Not hauled |
| Jan 9, 2026 | Soybeans new crop | Cash | 20k bu | $11.23 | -$0.13 | $11.10 | +$1.11 $21,867 | Nov 2026 Concordia Grain Not hauled |
| Dec 31, 2025 | Wheat new crop | Cash | 19k bu | $6.13 | -$0.31 | $5.82 | +$0.93 $17,763 | Jul 2027 Concordia Grain Not hauled |
| Dec 16, 2025 | Milo old crop | Cash | 23k bu | $3.88 | -$0.18 | $3.70 | -$0.27 -$6,129 | Aug 2026 Concordia Grain Hauled |
| Dec 14, 2025 | Milo new crop | Cash | 57k bu | $4.26 | -$0.14 | $4.12 | +$0.60 $34,440 | Dec 2026 Concordia Grain Not hauled |
| Nov 19, 2025 | Milo old crop | Forward/HTA | 64k bu | $3.99 | -$0.19 | $3.80 | -$0.17 -$10,897 | Aug 2026 Concordia Grain 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 3, 2026 | Wheat | No answer | Left a message about an expiring order |
| Mar 27, 2026 | Wheat | Check in | Season check in, no recommendation |
| Mar 20, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Feb 6, 2026 | Milo | Priced | Priced the next tranche at the elevator, board plus basis |
| Nov 25, 2025 | Wheat | Declined | Recommended pricing the next tranche, client wants to wait |
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.