Two Rivers Ranch
Gary Rasmussen · Washington County, KS · Danae Kruse · client since 2022
189k bu at 73% priced
$791.8K under management
Price to the planCosts are estimatesLast spoke in 35 days8 other findings(785) 555-2928
19k 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
138k bu priced, 73% of expected production.
Revenue locked
$578,702
-$46,390 of it over break-even.
Basis left open
19k bu
Board locked, cash price not yet settled.
Sold, not hauled
114k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 21, 2026 | Wheat old crop | Cash | 8,500 bu | $5.70 | -$0.60 | $5.10 | -$0.10 -$850 | Oct 2026 Smith Center Feeders Hauled |
| Jun 28, 2026 | Milo new crop | Forward/HTA | 20k bu | $3.91 | -$0.51 | $3.40 | -$0.52 -$10,608 | Dec 2026 Smith Center Feeders Not hauled |
| Jun 21, 2026 | Wheat new crop | Forward/HTA | 13k bu | $6.07 | -$0.62 | $5.45 | +$0.02 $256 | Jul 2027 Smith Center Feeders Not hauled |
| May 31, 2026 | Wheat old crop | Cash | 3,800 bu | $5.41 | -$0.63 | $4.78 | -$0.42 -$1,596 | Oct 2026 Smith Center Feeders Hauled |
| May 20, 2026 | Wheat new crop | Forward/HTA | 7,300 bu | $5.90 | -$0.65 | $5.25 | -$0.18 -$1,314 | Jul 2027 Smith Center Feeders Not hauled |
| Apr 29, 2026 | Milo new crop | Forward/HTA | 19k bu | $3.88 | -$0.49 Open | $3.39 estimate | -$0.53 -$9,805 | Dec 2026 Smith Center Feeders Not hauled |
| Apr 4, 2026 | Milo new crop | Cash | 39k bu | $3.99 | -$0.47 | $3.52 | -$0.40 -$15,640 | Dec 2026 Smith Center Feeders Not hauled |
| Mar 19, 2026 | Wheat old crop | Forward/HTA | 11k bu | $5.47 | -$0.68 | $4.79 | -$0.41 -$4,551 | Oct 2026 Smith Center Feeders Hauled |
| Mar 19, 2026 | Wheat new crop | Forward/HTA | 16k bu | $5.92 | -$0.63 | $5.29 | -$0.14 -$2,282 | 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 |
|---|---|---|---|
| Jul 14, 2026 | Wheat | Declined | Recommended fixing basis, client wants to see spring |
| May 23, 2026 | Milo | Priced | Fixed the basis on an open HTA |
| Mar 22, 2026 | Wheat | Priced | Fixed the basis on an open HTA |
| Mar 17, 2026 | Wheat | Declined | Recommended pricing the next tranche, client wants to wait |
| Mar 12, 2026 | Milo | Agreed, not yet executed | Agreed to move old crop once trucking frees up |
| Mar 2, 2026 | Wheat | No answer | Left a message about the next tranche |
| Jan 25, 2026 | 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.