Harvest Moon Ag

Ross Hastings · Cloud County, KS · Wes Tolliver · client since 2022

296k bu at 66% priced · 3,256 head at 8% sold

$9.6M under management

Price to the planCosts are estimatesLast spoke in 15 days1 critical7 other findings(785) 555-6132

Position Plan Working Orders Sales Break-evens Livestock Recap

Every rung on every ladder clears this family's cost of production plus the desk's $0.10 cushion, and nothing has passed its sell-by date. The plan is doing its job.

Soybeans new crop · Nov 2026

Break-even $9.89 · cash bid $10.87 · 68% priced against a 72% pace

Ladder covers 77% of the cropGuarantee 47k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$10.29	+$0.40	15% 10k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$11.01	+$1.12	15% 10k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$11.40	+$1.51	24% 16k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit
4	$12.04	+$2.15	23% 15k bu	$1.17	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat new crop · Jul 2027

Break-even $5.63 · cash bid $5.91 · 43% priced against a 72% pace

Ladder covers 84% of the cropGuarantee 100k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.92	+$0.29	15% 19k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$6.18	+$0.55	24% 30k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$6.53	+$0.90	25% 31k bu	$0.62	Sep 9, 2026 in 16 days Window Feb-May	Due soon
4	$6.84	+$1.21	20% 25k bu	$0.93	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat old crop · Sep 2026

Break-even $5.53 · cash bid $5.36 · 92% priced against a 95% pace

Ladder covers 80% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.86	+$0.33	15% 16k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$6.15	+$0.62	24% 25k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$6.41	+$0.88	23% 24k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$6.68	+$1.15	18% 19k bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

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 $9.99 to count as clearing cost.