Spring Branch Acres
Lyle Carver · Jewell County, KS · Katie Rennick · client since 2015
437k bu at 71% priced
$1.7M under management
Call before pricingCosts are estimatesLast spoke in 1 day8 other findings(785) 555-6437
79k 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 Lyle Carver plainly that this part of the position is not fully priced yet.
Contracts
5
310k bu priced, 71% of expected production.
Revenue locked
$1,169,489
-$103,537 of it over break-even.
Basis left open
79k bu
Board locked, cash price not yet settled.
Sold, not hauled
310k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| Jul 16, 2026 | Milo new crop | Basis | 82k bu | $4.15 | -$0.45 | $3.70 | -$0.50 -$41,100 | Dec 2026 Smith Center Feeders Not hauled |
| Jun 22, 2026 | Corn new crop | Cash | 65k bu | $4.19 | -$0.32 | $3.87 | -$0.07 -$4,550 | Dec 2026 Smith Center Feeders Not hauled |
| May 9, 2026 | Milo new crop | Forward/HTA | 32k bu | $4.11 | -$0.45 | $3.66 | -$0.54 -$17,010 | Dec 2026 Smith Center Feeders Not hauled |
| May 1, 2026 | Corn new crop | Cash | 53k bu | $4.45 | -$0.24 | $4.21 | +$0.27 $14,283 | Dec 2026 Smith Center Feeders Not hauled |
| Mar 3, 2026 | Milo new crop | Forward/HTA | 79k bu | $3.99 | -$0.49 Open | $3.50 estimate | -$0.70 -$55,160 | Dec 2026 Smith Center Feeders 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 |
|---|---|---|---|
| Aug 9, 2026 | Milo | Priced | Priced the next tranche at the elevator, board plus basis |
| Mar 24, 2026 | Milo | Priced | Priced the next tranche at the elevator, board plus basis |
| Jan 4, 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.