Buffalo Gap Ag

Elaine Ostrander · Clay County, KS · Owen Speck · client since 2023

124k bu at 51% priced

$594.2K under management

Call before pricingCosts are estimatesLast spoke in 50 days1 critical7 other findings(785) 555-6764

Position Plan Working Orders Sales Break-evens Livestock Recap

1 rung has passed their sell-by date with the bushels still unpriced. The plan prices those tranches on the calendar rather than the market, which is the whole point of writing a date next to a price. Either price them or agree a new date with the family and write it down.

Corn new crop · Dec 2026

Break-even $3.79 · cash bid $4.41 · 21% priced against a 72% pace

Ladder covers 62% of the cropGuarantee 32k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$3.97	+$0.18	15% 6,874 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.21	+$0.42	22% 10k bu	$0.00	Jul 9, 2026 46 days ago Window Feb-May	Time stop passed
3	$4.43	+$0.64	25% 11k bu	$0.02	Sep 9, 2026 in 16 days Window Feb-May	Due soon

Corn old crop · Sep 2026

Break-even $4.45 · cash bid $4.24 · 55% priced against a 95% pace

Ladder covers 56% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.69	+$0.24	15% 5,651 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$4.91	+$0.46	23% 8,665 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$5.12	+$0.67	18% 6,781 bu	$0.88	Dec 9, 2026 in 4 months Window Feb-May	Working

Wheat new crop · Jul 2027

Break-even $5.68 · cash bid $5.91 · 72% priced against a 72% pace

Ladder covers 58% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$6.01	+$0.33	15% 3,501 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$6.26	+$0.58	20% 4,668 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$6.58	+$0.90	23% 5,368 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Wheat old crop · Sep 2026

Break-even $5.93 · cash bid $5.36 · 97% priced against a 95% pace

Ladder covers 59% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$6.23	+$0.30	15% 2,527 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$6.56	+$0.63	20% 3,370 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$6.90	+$0.97	24% 4,044 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

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 $3.89 to count as clearing cost.