Dry Creek Farms
Hank Jansen · Smith County, KS · Owen Speck · client since 2015
21k bu at 73% priced
$184.7K under management
Call before pricingCosts from their booksLast spoke in 28 days2 other findings(785) 555-5544
4,300 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
15k bu priced, 73% of expected production.
Revenue locked
$134,651
$13,761 of it over break-even.
Basis left open
4,300 bu
Board locked, cash price not yet settled.
Sold, not hauled
15k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 11, 2026 | Soybeans new crop | Forward/HTA | 4,800 bu | $11.09 | -$0.31 | $10.78 | +$1.49 $7,152 | Nov 2026 Washington County Elevator Not hauled |
| Apr 17, 2026 | Wheat new crop | Forward/HTA | 3,600 bu | $6.11 | -$0.27 | $5.84 | +$0.07 $252 | Jul 2027 Washington County Elevator Not hauled |
| Feb 28, 2026 | Wheat new crop | Forward/HTA | 1,400 bu | $5.84 | -$0.23 | $5.61 | -$0.16 -$224 | Jul 2027 Washington County Elevator Not hauled |
| Feb 6, 2026 | Soybeans new crop | Forward/HTA | 4,300 bu | $11.08 | -$0.32 Open | $10.76 estimate | +$1.47 $6,321 | Nov 2026 Washington County Elevator Not hauled |
| Jan 6, 2026 | Wheat new crop | Forward/HTA | 1,300 bu | $6.27 | -$0.30 | $5.97 | +$0.20 $260 | 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 |
|---|---|---|---|
| Jul 8, 2026 | Wheat | Priced | Booked a forward contract inside the insurance guarantee |
| Jun 10, 2026 | Wheat | Priced | Priced the next tranche at the elevator, board plus basis |
| Mar 28, 2026 | Soybeans | Declined | Recommended fixing basis, client wants to see spring |
| Feb 13, 2026 | Soybeans | Priced | Filled the resting order and confirmed the contract |
| Nov 14, 2025 | Wheat | Check in | Walked through the position and the ladder |
| Oct 25, 2025 | 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.