Agricultural News
it's Time for the Stagger Marketing Plan for Left Over Old Crop Wheat
Thu, 18 Feb 2010 6:25:21 CST
If you still own any old crop wheat, it's probably time to "stagger" it into the market- so says OSU Grain Marketing Economist Dr. Kim Anderson of OSU. Dr. Anderson says that you need to be watching for even small rallies to move old stocks into the market that you may be sitting on.
For the 2010 crop that is in the ground and waiting to break dormancy, don't get in a big hurry sell in advance of harvest. Kim Anderson says that there is little evidence of anything on the horizon that could drive wheat prices higher between here and June when the combines are rolling.
Anderson says this may be the year to sell a little of the new crop at harvest to pay immediate bills- but then hold the bulk of the crop to see if prices can come off the bottom this fall. He believes the best chance to get a rally in wheat prices this year may come in the October, November and December time frame. He also thinks that if you can get onto your fields- it makes a lot of sense to topdress this year, as more bushels and a higher protein level that can result will make you money in 2010.
Click on the Listen Bar below to hear our conversation with Dr. Kim Anderson of OSU on current wheat marketing strategies for HRW producers.
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