Old Cedar Land & Cattle
Lori Novak · Thayer County, NE · Danae Kruse · client since 2017
107k bu at 63% priced
$757.6K under management
Call before pricingCosts are stated, not from their booksLast spoke in 39 days7 other findings(785) 555-9552
15k 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 Lori Novak plainly that this part of the position is not fully priced yet.
Contracts
10
68k bu priced, 63% of expected production.
Revenue locked
$504,632
$4,714 of it over break-even.
Basis left open
15k bu
Board locked, cash price not yet settled.
Sold, not hauled
54k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 26, 2026 | Wheat new crop | Forward/HTA | 5,300 bu | $5.82 | -$0.59 | $5.23 | +$0.04 $212 | Jul 2027 Superior Crush Not hauled |
| Jul 14, 2026 | Soybeans new crop | Forward/HTA | 8,600 bu | $11.26 | -$0.35 Open | $10.91 estimate | +$0.32 $2,752 | Nov 2026 Superior Crush Not hauled |
| Jul 9, 2026 | Wheat old crop | Forward/HTA | 6,600 bu | $5.63 | -$0.56 Open | $5.07 estimate | -$0.40 -$2,640 | Oct 2026 Superior Crush Hauled |
| Jun 3, 2026 | Wheat old crop | Cash | 1,700 bu | $5.51 | -$0.55 | $4.96 | -$0.51 -$867 | Oct 2026 Superior Crush Not hauled |
| May 17, 2026 | Soybeans new crop | Cash | 9,300 bu | $10.73 | -$0.39 | $10.34 | -$0.25 -$2,325 | Nov 2026 Superior Crush Not hauled |
| May 3, 2026 | Wheat new crop | Cash | 2,400 bu | $6.15 | -$0.56 | $5.59 | +$0.40 $960 | Jul 2027 Superior Crush Not hauled |
| Mar 31, 2026 | Soybeans new crop | Cash | 8,300 bu | $11.39 | -$0.32 | $11.07 | +$0.48 $3,984 | Nov 2026 Superior Crush Not hauled |
| Mar 17, 2026 | Wheat new crop | Forward/HTA | 6,300 bu | $5.86 | -$0.53 | $5.33 | +$0.14 $882 | Jul 2027 Superior Crush Not hauled |
| Mar 8, 2026 | Wheat old crop | Cash | 7,700 bu | $5.53 | -$0.58 | $4.95 | -$0.52 -$4,004 | Oct 2026 Superior Crush Hauled |
| Feb 6, 2026 | Wheat new crop | Basis | 12k bu | $6.20 | -$0.53 | $5.67 | +$0.48 $5,760 | Jul 2027 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 |
|---|---|---|---|
| Aug 10, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Jul 10, 2026 | Wheat | Priced | Booked a forward contract inside the insurance guarantee |
| Apr 22, 2026 | Soybeans | Priced | Fixed the basis on an open HTA |
| Jan 9, 2026 | Wheat | 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.