High Plains Ag

Gary Iverson · Jewell County, KS · Katie Rennick · client since 2016

111k bu at 59% priced

$688K under management

Price to the planCosts are estimatesLast spoke in 43 days1 critical8 other findings(785) 555-6816

Position Plan Working Orders Sales Break-evens Livestock Recap

1 rung has passed their sell-by date with the bushels still unpriced. The plan prices those tranches on the calendar rather than the market, which is the whole point of writing a date next to a price. Either price them or agree a new date with the family and write it down.

Wheat new crop · Jul 2027

Break-even $4.93 · cash bid $5.77 · 19% priced against a 72% pace

Ladder covers 73% of the cropGuarantee 28k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.13	+$0.20	15% 5,173 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$5.48	+$0.55	19% 6,552 bu	$0.00	Jul 9, 2026 46 days ago Window Feb-May	Time stop passed
3	$5.74	+$0.81	16% 5,518 bu	$0.00	Sep 9, 2026 in 16 days Window Feb-May	Due soon
4	$6.01	+$1.08	23% 7,932 bu	$0.24	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat old crop · Sep 2026

Break-even $5.37 · cash bid $5.22 · 92% priced against a 95% pace

Ladder covers 81% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.63	+$0.26	15% 4,428 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$5.93	+$0.56	20% 5,904 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$6.27	+$0.90	22% 6,494 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$6.53	+$1.16	24% 7,085 bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

Soybeans new crop · Nov 2026

Break-even $10.11 · cash bid $10.66 · 68% priced against a 72% pace

Ladder covers 55% of the cropGuarantee 8,400 bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.59	+$0.48	15% 1,805 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$11.11	+$1.00	25% 3,008 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$11.76	+$1.65	15% 1,805 bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit

Soybeans old crop · Aug 2026

Break-even $9.94 · cash bid $10.62 · 92% priced against a 95% pace

Ladder covers 57% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.35	+$0.41	15% 1,338 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$11.03	+$1.09	22% 1,962 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$11.47	+$1.53	20% 1,784 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

Corn new crop · Dec 2026

Break-even $4.57 · cash bid $4.13 · 59% priced against a 72% pace

Ladder covers 64% of the cropGuarantee 21k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.79	+$0.22	15% 3,967 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$5.06	+$0.49	24% 6,347 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$5.27	+$0.70	25% 6,611 bu	$1.14	Sep 9, 2026 in 16 days Window Feb-May	Due soon

Rungs are sorted by price rather than by the order they were entered, because a scale-up ladder only reads as a ladder in price order. Distance is measured from the cash bid, which is the board plus the local basis, not from the board alone.

A rung that filled before its date is done rather than overdue. The desk's cushion over break-even is $0.10, because a break-even is itself an estimate and pricing exactly at one is pricing at the midpoint of an error bar. On this crop that means a rung has to clear $5.03 to count as clearing cost.