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Dollar cost averaging—selling commodities in increments from spring through early winter— could be the best strategy for marketing Texas wheat, says an Oklahoma State University Extension marketing specialist.
“Don’t put all your eggs in one basket,” recommends Kim Anderson.
Anderson, speaking at the recent Big Country Wheat Conference in Abilene, Texas, said the strategy he recommends is selling their crops by thirds—one third at harvest, one-third in September or October and the final third in November and December. “But sell it all before January 1,” he said.