Two Rivers Ranch
Gary Rasmussen · Washington County, KS · Danae Kruse · client since 2022
189k bu at 70% priced
$861.9K under management
Price to the planCosts are estimatesLast spoke in 50 days7 other findings(785) 555-2928
18k 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 Gary Rasmussen plainly that this part of the position is not fully priced yet.
Contracts
9
132k bu priced, 70% of expected production.
Revenue locked
$603,362
$4,540 of it over break-even.
Basis left open
18k bu
Board locked, cash price not yet settled.
Sold, not hauled
109k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 5, 2026 | Wheat old crop | Cash | 8,500 bu | $5.64 | -$0.26 | $5.38 | +$0.18 $1,530 | Aug 2026 Smith Center Feeders Hauled |
| Apr 12, 2026 | Milo new crop | Forward/HTA | 20k bu | $4.00 | -$0.24 | $3.76 | -$0.16 -$3,136 | Dec 2026 Smith Center Feeders Not hauled |
| Apr 5, 2026 | Wheat new crop | Forward/HTA | 12k bu | $6.18 | -$0.28 | $5.90 | +$0.47 $5,546 | Jul 2027 Smith Center Feeders Not hauled |
| Mar 15, 2026 | Wheat old crop | Cash | 3,800 bu | $5.35 | -$0.29 | $5.06 | -$0.14 -$532 | Aug 2026 Smith Center Feeders Hauled |
| Mar 4, 2026 | Wheat new crop | Forward/HTA | 6,800 bu | $6.01 | -$0.31 | $5.70 | +$0.27 $1,836 | Jul 2027 Smith Center Feeders Not hauled |
| Feb 11, 2026 | Milo new crop | Forward/HTA | 18k bu | $3.98 | -$0.22 Open | $3.76 estimate | -$0.16 -$2,848 | Dec 2026 Smith Center Feeders Not hauled |
| Jan 17, 2026 | Milo new crop | Cash | 38k bu | $4.09 | -$0.20 | $3.89 | -$0.03 -$1,125 | Dec 2026 Smith Center Feeders Not hauled |
| Jan 1, 2026 | Wheat old crop | Forward/HTA | 11k bu | $5.41 | -$0.34 | $5.07 | -$0.13 -$1,443 | Aug 2026 Smith Center Feeders Hauled |
| Jan 1, 2026 | Wheat new crop | Forward/HTA | 15k bu | $6.03 | -$0.29 | $5.74 | +$0.31 $4,712 | Jul 2027 Smith Center Feeders 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 |
|---|---|---|---|
| Apr 28, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| Mar 7, 2026 | Milo | Priced | Fixed the basis on an open HTA |
| Jan 4, 2026 | Wheat | Priced | Fixed the basis on an open HTA |
| Dec 30, 2025 | Wheat | Declined | Recommended pricing the next tranche, client wants to wait |
| Dec 25, 2025 | Milo | Agreed, not yet executed | Agreed to move old crop once trucking frees up |
| Dec 15, 2025 | Wheat | No answer | Left a message about the next tranche |
| Nov 9, 2025 | Milo | Declined | Recommended fixing basis, client wants to see spring |
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.