Cottonwood Farms
Elaine Jansen · Cloud County, KS · Bree Sandoval · client since 2022
69k bu at 84% priced
$355.1K under management
Call before pricingCosts are estimatesLast spoke in 20 days2 other findings(785) 555-4931
3,900 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 Elaine Jansen plainly that this part of the position is not fully priced yet.
Contracts
6
58k bu priced, 84% of expected production.
Revenue locked
$298,192
-$17,360 of it over break-even.
Basis left open
3,900 bu
Board locked, cash price not yet settled.
Sold, not hauled
27k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jun 27, 2026 | Wheat old crop | Basis | 19k bu | $5.54 | -$0.56 | $4.98 | -$0.15 -$2,910 | Oct 2026 Washington County Elevator Hauled |
| Jun 18, 2026 | Wheat new crop | Forward/HTA | 3,900 bu | $5.89 | -$0.59 Open | $5.30 estimate | -$0.43 -$1,677 | Jul 2027 Washington County Elevator Not hauled |
| May 14, 2026 | Wheat old crop | Cash | 12k bu | $5.46 | -$0.58 | $4.88 | -$0.25 -$3,100 | Oct 2026 Washington County Elevator Hauled |
| Apr 26, 2026 | Wheat new crop | Cash | 4,700 bu | $5.91 | -$0.56 | $5.35 | -$0.38 -$1,786 | Jul 2027 Washington County Elevator Not hauled |
| Mar 21, 2026 | Wheat new crop | Forward/HTA | 9,300 bu | $5.74 | -$0.54 | $5.20 | -$0.53 -$4,929 | Jul 2027 Washington County Elevator Not hauled |
| Feb 5, 2026 | Wheat new crop | Cash | 8,700 bu | $6.01 | -$0.62 | $5.39 | -$0.34 -$2,958 | 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 19, 2026 | Wheat | Check in | Updated break-evens from their books |
| Jul 17, 2026 | Wheat | Check in | Walked through the position and the ladder |
| Jul 13, 2026 | Wheat | Priced | Booked a forward contract inside the insurance guarantee |
| Apr 21, 2026 | Wheat | Declined | Recommended moving old crop, client is holding for a rally |
| Jan 15, 2026 | Wheat | Priced | Priced the next tranche at the elevator, board plus basis |
| Jan 5, 2026 | Wheat | Priced | Booked a forward contract inside the insurance guarantee |
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.