Big Bluff Ranch
Rhonda Hemmelgarn · Clay County, KS · Bree Sandoval · client since 2019
248k bu at 76% priced · 2,370 head at 68% sold
$7.4M under management
Call before pricingCosts from their booksLast spoke in 9 days11 other findings(785) 555-8382
34k 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 Rhonda Hemmelgarn plainly that this part of the position is not fully priced yet.
Contracts
9
189k bu priced, 76% of expected production.
Revenue locked
$5,151,510
-$60,851 of it over break-even.
Basis left open
34k bu
Board locked, cash price not yet settled.
Sold, not hauled
124k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 25, 2026 | Soybeans new crop | Forward/HTA | 13k bu | $11.15 | -$0.38 | $10.77 | +$0.56 $7,224 | Nov 2026 Clay Center Ethanol Not hauled |
| Jul 5, 2026 | Milo old crop | Cash | 31k bu | $3.89 | -$0.43 | $3.46 | -$0.12 -$3,672 | Oct 2026 Clay Center Ethanol Hauled |
| Jun 23, 2026 | Milo new crop | Basis | 39k bu | $4.00 | -$0.45 | $3.55 | -$0.61 -$23,729 | Dec 2026 Clay Center Ethanol Not hauled |
| Jun 7, 2026 | Milo old crop | Forward/HTA | 34k bu | $3.97 | -$0.47 Open | $3.50 estimate | -$0.08 -$2,752 | Oct 2026 Clay Center Ethanol Hauled |
| Jun 6, 2026 | Milo new crop | Forward/HTA | 21k bu | $4.02 | -$0.50 | $3.52 | -$0.64 -$13,632 | Dec 2026 Clay Center Ethanol Not hauled |
| May 11, 2026 | Soybeans new crop | Cash | 6,500 bu | $10.76 | -$0.38 | $10.38 | +$0.17 $1,105 | Nov 2026 Clay Center Ethanol Not hauled |
| Mar 14, 2026 | Soybeans new crop | Basis | 8,100 bu | $11.40 | -$0.38 | $11.02 | +$0.81 $6,561 | Nov 2026 Clay Center Ethanol Not hauled |
| Mar 10, 2026 | Milo new crop | Cash | 21k bu | $3.85 | -$0.48 | $3.37 | -$0.79 -$16,353 | Dec 2026 Clay Center Ethanol Not hauled |
| Feb 12, 2026 | Soybeans new crop | Cash | 15k bu | $11.01 | -$0.33 | $10.68 | +$0.47 $7,144 | Nov 2026 Clay Center Ethanol 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 |
|---|---|---|---|
| Oct 13, 2026 | Soybeans | Declined | Recommended fixing basis, client wants to see spring |
| May 24, 2026 | Milo | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Mar 23, 2026 | Milo | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Jan 23, 2026 | Milo | Priced | Fixed the basis on an open HTA |
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.