Copper Creek Land & Cattle

Ray Hastings · Clay County, KS · Owen Speck · client since 2021

195k bu at 59% priced

$1.7M under management

Self directedCosts are stated, not from their booksLast spoke in 49 days6 other findings(785) 555-8509

Position Plan Working Orders Sales Break-evens Livestock Recap

Every rung on every ladder clears this family's cost of production plus the desk's $0.10 cushion, and nothing has passed its sell-by date. The plan is doing its job.

Soybeans new crop · Nov 2026

Break-even $9.09 · cash bid $10.78 · 40% priced against a 72% pace

Ladder covers 58% of the cropGuarantee 39k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$9.51	+$0.42	15% 8,439 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$9.98	+$0.89	20% 11k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$10.46	+$1.37	23% 13k bu	$0.00	Sep 9, 2026 in 16 days Window Feb-May	Due soon

Soybeans old crop · Aug 2026

Break-even $9.39 · cash bid $10.74 · 63% priced against a 95% pace

Ladder covers 56% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$9.77	+$0.38	15% 7,934 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$10.46	+$1.07	25% 13k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$10.87	+$1.48	16% 8,463 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

Wheat new crop · Jul 2027

Break-even $5.29 · cash bid $5.75 · 68% priced against a 72% pace

Ladder covers 73% of the cropGuarantee 60k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.53	+$0.24	15% 13k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$5.80	+$0.51	16% 14k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$6.12	+$0.83	17% 15k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit
4	$6.38	+$1.09	25% 21k bu	$0.63	Nov 9, 2026 in 3 months Window Feb-May	Working

Rungs are sorted by price rather than by the order they were entered, because a scale-up ladder only reads as a ladder in price order. Distance is measured from the cash bid, which is the board plus the local basis, not from the board alone.

A rung that filled before its date is done rather than overdue. The desk's cushion over break-even is $0.10, because a break-even is itself an estimate and pricing exactly at one is pricing at the midpoint of an error bar. On this crop that means a rung has to clear $9.19 to count as clearing cost.