Big Bluff Ranch
Rhonda Hemmelgarn · Clay County, KS · Bree Sandoval · client since 2019
248k bu at 74% priced · 2,370 head at 68% sold
$7.5M under management
Call before pricingCosts from their booksLast spoke in 24 days4 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
184k bu priced, 74% of expected production.
Revenue locked
$5,236,834
$42,362 of it over break-even.
Basis left open
34k bu
Board locked, cash price not yet settled.
Sold, not hauled
119k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 9, 2026 | Soybeans new crop | Forward/HTA | 13k bu | $11.17 | -$0.08 | $11.09 | +$0.88 $11,352 | Nov 2026 Clay Center Ethanol Not hauled |
| Apr 19, 2026 | Milo old crop | Cash | 31k bu | $3.85 | -$0.16 | $3.69 | +$0.11 $3,366 | Aug 2026 Clay Center Ethanol Hauled |
| Apr 7, 2026 | Milo new crop | Basis | 37k bu | $4.10 | -$0.18 | $3.92 | -$0.24 -$8,856 | Dec 2026 Clay Center Ethanol Not hauled |
| Mar 22, 2026 | Milo old crop | Forward/HTA | 34k bu | $3.93 | -$0.20 Open | $3.73 estimate | +$0.15 $5,160 | Aug 2026 Clay Center Ethanol Hauled |
| Mar 21, 2026 | Milo new crop | Forward/HTA | 20k bu | $4.12 | -$0.23 | $3.89 | -$0.27 -$5,427 | Dec 2026 Clay Center Ethanol Not hauled |
| Feb 23, 2026 | Soybeans new crop | Cash | 6,500 bu | $10.78 | -$0.08 | $10.70 | +$0.49 $3,185 | Nov 2026 Clay Center Ethanol Not hauled |
| Dec 27, 2025 | Soybeans new crop | Basis | 8,100 bu | $11.42 | -$0.08 | $11.34 | +$1.13 $9,153 | Nov 2026 Clay Center Ethanol Not hauled |
| Dec 23, 2025 | Milo new crop | Cash | 20k bu | $3.95 | -$0.21 | $3.74 | -$0.42 -$8,232 | Dec 2026 Clay Center Ethanol Not hauled |
| Nov 27, 2025 | Soybeans new crop | Cash | 15k bu | $11.03 | -$0.03 | $11.00 | +$0.79 $12,008 | 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 |
|---|---|---|---|
| Jul 28, 2026 | Soybeans | Declined | Recommended fixing basis, client wants to see spring |
| Mar 8, 2026 | Milo | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Jan 5, 2026 | Milo | Agreed, not yet executed | Agreed to price the next rung, waiting on the delivery window |
| Nov 7, 2025 | 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.