Dry Creek Farms
Hank Jansen · Smith County, KS · Owen Speck · client since 2015
21k bu at 79% priced
$177.1K under management
Call before pricingCosts from their booksLast spoke in 13 days3 other findings(785) 555-5544
4,800 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 Hank Jansen plainly that this part of the position is not fully priced yet.
Contracts
5
17k bu priced, 79% of expected production.
Revenue locked
$141,486
$8,998 of it over break-even.
Basis left open
4,800 bu
Board locked, cash price not yet settled.
Sold, not hauled
17k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 27, 2026 | Soybeans new crop | Forward/HTA | 5,300 bu | $11.07 | -$0.61 | $10.46 | +$1.17 $6,201 | Nov 2026 Washington County Elevator Not hauled |
| Jul 3, 2026 | Wheat new crop | Forward/HTA | 3,800 bu | $6.00 | -$0.61 | $5.39 | -$0.38 -$1,444 | Jul 2027 Washington County Elevator Not hauled |
| May 16, 2026 | Wheat new crop | Forward/HTA | 1,500 bu | $5.73 | -$0.57 | $5.16 | -$0.61 -$915 | Jul 2027 Washington County Elevator Not hauled |
| Apr 24, 2026 | Soybeans new crop | Forward/HTA | 4,800 bu | $11.06 | -$0.62 Open | $10.44 estimate | +$1.15 $5,520 | Nov 2026 Washington County Elevator Not hauled |
| Mar 24, 2026 | Wheat new crop | Forward/HTA | 1,400 bu | $6.15 | -$0.64 | $5.51 | -$0.26 -$364 | Jul 2027 Washington County Elevator 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 |
|---|---|---|---|
| Sep 23, 2026 | Wheat | Priced | Booked a forward contract inside the insurance guarantee |
| Aug 26, 2026 | Wheat | Priced | Priced the next tranche at the elevator, board plus basis |
| Jun 13, 2026 | Soybeans | Declined | Recommended fixing basis, client wants to see spring |
| May 1, 2026 | Soybeans | Priced | Filled the resting order and confirmed the contract |
| Jan 30, 2026 | Wheat | Check in | Walked through the position and the ladder |
| Jan 10, 2026 | Wheat | Check in | Walked through the position and the ladder |
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.