Understanding the Marketing Overview calculations

Marketing is included in the Bushel Farm Essentials and Enterprise plan. Learn more about our plans and pricing here.

The Overview view is the default view that opens when you click on Marketing in the left-hand navigation menu. To ensure accurate information in the Marketing feature, you must create/add marketing crops and assign the appropriate marketing crop to each of your contracts.

Items Across the Top of the Screen

Projected Revenue

This is the revenue to date based on all grain sales that have been assigned a marketing crop for the selected crop year and have a final cash price set. This number will change as you final price contracts assigned to each of your marketing crops.

Mark to Market Unprotected

This is the value of all unprotected bushels (those unsold or without a final price) for marketing crops in the selected crop year, valued at the current market price (futures price plus/minus the estimated basis used for the marketing crop). 

Depending on the time of year and the crop year you’ve selected, the futures price used to calculate the current market price will be either the current futures month price or the harvest futures month price. For example, if you’re viewing the 2023 crop year in February 2024, March 2024 will be the futures month used for your 2023 corn and soybean marketing crops. If you are viewing the 2024 crop year in February 2024, December 2024 will be the futures month used for corn marketing crops and November 2024 will be the futures month for soybean marketing crops.

This number will change as the futures prices move and/or you change the estimated basis for your production.

Estimated Profit

Your estimated profit is calculated as follows: 

(Projected Revenue + Mark to Market Unprotected) - Total Cost of Production for All Marketing Crops

Items Under "Your Crops"

You will see “cards” for each marketing crop you’ve set up for the displayed crop year (upper-right corner). The following information is displayed for each marketing crop “card”:

Current Position 

• % Marketed. The percentage of total production contracted and final priced.
• % Unprotected. The percentage of total production without a final price set.

Your Average Sold Price

This is the weighted average of your contracts’ final cash prices.

Current Market Price

Depending on the time of year and the crop year you’ve selected, this will be either the current futures month price or the harvest futures month price. For example, if you’re viewing the 2023 crop year in February 2024, March 2024 will be the futures month displayed for your 2023 corn marketing crop.