Bluestem Farms
Tessa Jansen · Clay County, KS · Katie Rennick · client since 2019
552k bu at 80% priced
$2.7M under management
Price to the planCosts from their booksLast spoke in 30 days9 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
442k bu priced, 80% of expected production.
Revenue locked
$2,107,557
-$19,610 of it over break-even.
Basis left open
19k bu
Board locked, cash price not yet settled.
Sold, not hauled
331k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 25, 2026 | Soybeans new crop | Cash | 26k bu | $10.84 | -$0.44 | $10.40 | +$0.41 $10,578 | Nov 2026 Concordia Grain Not hauled |
| Jul 24, 2026 | Wheat old crop | Basis | 28k bu | $5.41 | -$0.63 | $4.78 | -$0.50 -$14,100 | Oct 2026 Concordia Grain Not hauled |
| Jul 23, 2026 | Wheat new crop | Forward/HTA | 20k bu | $5.73 | -$0.63 | $5.10 | +$0.21 $4,263 | Jul 2027 Concordia Grain Not hauled |
| Jul 15, 2026 | Milo new crop | Basis | 45k bu | $3.99 | -$0.48 | $3.51 | -$0.01 -$446 | Dec 2026 Concordia Grain Not hauled |
| Jun 23, 2026 | Milo old crop | Forward/HTA | 27k bu | $3.93 | -$0.45 | $3.48 | -$0.49 -$12,985 | Oct 2026 Concordia Grain Not hauled |
| Jun 5, 2026 | Wheat old crop | Forward/HTA | 19k bu | $5.69 | -$0.60 Open | $5.09 estimate | -$0.19 -$3,610 | Oct 2026 Concordia Grain Not hauled |
| Jun 4, 2026 | Wheat new crop | Forward/HTA | 16k bu | $5.73 | -$0.61 | $5.12 | +$0.23 $3,680 | Jul 2027 Concordia Grain Not hauled |
| May 30, 2026 | Milo old crop | Forward/HTA | 25k bu | $3.96 | -$0.50 | $3.46 | -$0.51 -$12,597 | Oct 2026 Concordia Grain Hauled |
| May 30, 2026 | Soybeans new crop | Cash | 8,200 bu | $11.38 | -$0.39 | $10.99 | +$1.00 $8,200 | Nov 2026 Concordia Grain Not hauled |
| Apr 30, 2026 | Milo new crop | Cash | 38k bu | $3.90 | -$0.49 | $3.41 | -$0.11 -$4,147 | Dec 2026 Concordia Grain Not hauled |
| Mar 27, 2026 | Soybeans new crop | Cash | 20k bu | $11.20 | -$0.43 | $10.77 | +$0.78 $15,366 | Nov 2026 Concordia Grain Not hauled |
| Mar 18, 2026 | Wheat new crop | Cash | 21k bu | $6.02 | -$0.65 | $5.37 | +$0.48 $10,032 | Jul 2027 Concordia Grain Not hauled |
| Mar 3, 2026 | Milo old crop | Cash | 23k bu | $3.92 | -$0.46 | $3.46 | -$0.51 -$11,577 | Oct 2026 Concordia Grain Hauled |
| Mar 1, 2026 | Milo new crop | Cash | 64k bu | $4.16 | -$0.42 | $3.74 | +$0.22 $14,014 | Dec 2026 Concordia Grain Not hauled |
| Feb 4, 2026 | Milo old crop | Forward/HTA | 64k bu | $4.03 | -$0.47 | $3.56 | -$0.41 -$26,281 | Oct 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 |
|---|---|---|---|
| Aug 19, 2026 | Wheat | No answer | Left a message about an expiring order |
| Jun 12, 2026 | Wheat | Check in | Season check in, no recommendation |
| Jun 5, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Apr 24, 2026 | Milo | Priced | Priced the next tranche at the elevator, board plus basis |
| Feb 10, 2026 | 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.