Bluestem Family Farms
Marie Wendt · Smith County, KS · Bree Sandoval · client since 2024
856k bu at 82% priced
$3.5M under management
Call before pricingCosts are stated, not from their booksLast spoke in 44 days2 other findings(785) 555-9353
80k 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 Marie Wendt plainly that this part of the position is not fully priced yet.
Contracts
7
701k bu priced, 82% of expected production.
Revenue locked
$2,882,092
-$58,197 of it over break-even.
Basis left open
80k bu
Board locked, cash price not yet settled.
Sold, not hauled
352k bu
Contracted bushels that still have to physically move.
Contracts
| Priced | Crop | Instrument | Bushels | Board | Basis | Net cash | Over cost | Delivery |
|---|---|---|---|---|---|---|---|---|
| May 7, 2026 | Corn new crop | Cash | 175k bu | $4.56 | -$0.28 | $4.28 | +$0.50 $87,450 | Dec 2026 Concordia Grain Not hauled |
| May 6, 2026 | Corn old crop | Cash | 122k bu | $4.42 | -$0.26 | $4.16 | -$0.45 -$54,675 | Aug 2026 Concordia Grain Hauled |
| Mar 17, 2026 | Corn new crop | Cash | 97k bu | $4.32 | -$0.20 | $4.12 | +$0.34 $32,980 | Dec 2026 Concordia Grain Not hauled |
| Mar 14, 2026 | Corn old crop | Cash | 50k bu | $4.17 | -$0.25 | $3.92 | -$0.69 -$34,293 | Aug 2026 Concordia Grain Hauled |
| Jan 19, 2026 | Corn new crop | Forward/HTA | 80k bu | $4.40 | -$0.23 Open | $4.17 estimate | +$0.39 $31,278 | Dec 2026 Concordia Grain Not hauled |
| Jan 6, 2026 | Corn old crop | Basis | 91k bu | $4.22 | -$0.28 | $3.94 | -$0.67 -$60,769 | Aug 2026 Concordia Grain Hauled |
| Nov 22, 2025 | Corn old crop | Cash | 87k bu | $4.17 | -$0.25 | $3.92 | -$0.69 -$60,168 | Aug 2026 Concordia Grain 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 2, 2026 | Corn | No answer | Left a message about an expiring order |
| May 10, 2026 | Corn | Declined | Recommended pricing the next tranche, client wants to wait |
| Apr 27, 2026 | Corn | Priced | Priced the next tranche at the elevator, board plus basis |
| Apr 2, 2026 | Corn | Priced | Fixed the basis on an open HTA |
| Mar 25, 2026 | Corn | Agreed, not yet executed | Agreed to move old crop once trucking frees up |
| Mar 17, 2026 | Corn | Priced | Filled the resting order and confirmed the contract |
| Jan 14, 2026 | Corn | 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.