Spring Branch Grain Co

Lyle Wendt · Mitchell County, KS · Katie Rennick · client since 2025

338k bu at 86% priced

$1.7M under management

Self directedCosts are estimatesLast spoke in 23 days2 other findings(785) 555-6028

Position Plan Working Orders Sales Break-evens Livestock Coverage 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.

Wheat new crop · Jul 2027

Break-even $5.02 · cash bid $5.30 · 78% priced against a 80% pace

Ladder covers 60% of the cropGuarantee 151k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.30	+$0.28	15% 27k bu	Filled	Jul 25, 2026 3 months ago Window Feb-May	Hit
2	$5.53	+$0.51	24% 43k bu	Filled	Sep 25, 2026 30 days ago Window Feb-May	Hit
3	$5.80	+$0.78	21% 37k bu	Filled	Nov 25, 2026 in 31 days Window Feb-May	Hit

Wheat old crop · Dec 2026

Break-even $5.62 · cash bid $4.92 · 96% priced against a 95% pace

Ladder covers 71% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.92	+$0.30	15% 24k bu	Filled	Oct 25, 2026 today Window Feb-May	Hit
2	$6.22	+$0.60	19% 30k bu	Filled	Dec 25, 2026 in 61 days Window Feb-May	Hit
3	$6.51	+$0.89	21% 34k bu	Filled	Feb 25, 2027 in 4 months Window Feb-May	Hit
4	$6.83	+$1.21	16% 26k bu	Filled	Apr 25, 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 $5.12 to count as clearing cost.