Old Cedar Land & Cattle
Lori Novak · Thayer County, NE · Danae Kruse · client since 2017
107k bu at 62% priced
$795.2K under management
Call before pricingCosts are stated, not from their booksLast spoke in 54 days5 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
67k bu priced, 62% of expected production.
Revenue locked
$511,490
$28,516 of it over break-even.
Basis left open
15k bu
Board locked, cash price not yet settled.
Sold, not hauled
52k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 10, 2026 | Wheat new crop | Forward/HTA | 5,300 bu | $5.93 | -$0.25 | $5.68 | +$0.49 $2,597 | Jul 2027 Superior Crush Not hauled |
| Apr 28, 2026 | Soybeans new crop | Forward/HTA | 8,100 bu | $11.28 | -$0.05 Open | $11.23 estimate | +$0.64 $5,184 | Nov 2026 Superior Crush Not hauled |
| Apr 23, 2026 | Wheat old crop | Forward/HTA | 6,600 bu | $5.57 | -$0.22 Open | $5.35 estimate | -$0.12 -$792 | Aug 2026 Superior Crush Hauled |
| Mar 18, 2026 | Wheat old crop | Cash | 1,700 bu | $5.45 | -$0.21 | $5.24 | -$0.23 -$391 | Aug 2026 Superior Crush Not hauled |
| Mar 1, 2026 | Soybeans new crop | Cash | 8,700 bu | $10.75 | -$0.09 | $10.66 | +$0.07 $609 | Nov 2026 Superior Crush Not hauled |
| Feb 15, 2026 | Wheat new crop | Cash | 2,400 bu | $6.26 | -$0.22 | $6.04 | +$0.85 $2,040 | Jul 2027 Superior Crush Not hauled |
| Jan 13, 2026 | Soybeans new crop | Cash | 7,800 bu | $11.41 | -$0.02 | $11.39 | +$0.80 $6,240 | Nov 2026 Superior Crush Not hauled |
| Dec 30, 2025 | Wheat new crop | Forward/HTA | 6,300 bu | $5.97 | -$0.19 | $5.78 | +$0.59 $3,717 | Jul 2027 Superior Crush Not hauled |
| Dec 21, 2025 | Wheat old crop | Cash | 7,700 bu | $5.47 | -$0.24 | $5.23 | -$0.24 -$1,848 | Aug 2026 Superior Crush Hauled |
| Nov 21, 2025 | Wheat new crop | Basis | 12k bu | $6.31 | -$0.19 | $6.12 | +$0.93 $11,160 | 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 |
|---|---|---|---|
| May 25, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Apr 24, 2026 | Wheat | Priced | Booked a forward contract inside the insurance guarantee |
| Feb 4, 2026 | Soybeans | Priced | Fixed the basis on an open HTA |
| Oct 24, 2025 | 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.