Montana Protein and Test Weight Schedule Survey, Sept 2016 Update

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Wondering how much Montana elevators are discounting low protein content and test weight?

Every year for the past five, I’ve collected (with some help from great graduate students) winter and spring wheat protein premium and test weight schedules from 20 grain elevator and processing facilities throughout the state. These locations are dispersed across the state, are from elevators of different handling and storage capacities, and that are operated by 7 different agribusiness firms (both with private and co-operative management structures).

Click on the links below to view average premiums and discounts by protein and test weight for each of the five years. All premiums and discounts are in cents per bushel. It’s interesting that while there is a lot of talk this year about the year’s protein premiums and discounts (including a number of posts by me and my colleague Joe Janzen), consider that things don’t nearly appear as bad as they were in the 2014-15 marketing year. Perspective is everything!

Spring wheat protein premium schedule
Protein levelSept. 20162015-20162014-20152013-20142012-2013
Hard Red Spring Wheat16.50%60.547.5110.595.08.1
16.25%54.943.198.985.56.9
16.00%49.338.788.076.06.5
15.75%43.133.976.566.55.4
15.50%37.029.166.057.04.9
15.25%30.824.254.547.53.8
15.00%24.619.444.038.03.3
14.75%18.514.532.528.52.3
14.50%12.39.722.019.01.6
14.25%6.24.810.59.50.8
14.00%0.00.00.00.00.0
13.75%-11.4-9.7-21.1-13.1-3.8
13.50%-22.7-19.3-42.1-26.1-6.9
13.25%-34.1-29.0-63.2-39.2-11.3
13.00%-45.5-38.7-84.2-52.2-13.8
12.75%-56.8-48.3-105.6-65.3-18.8
12.50%-68.2-58.0-126.7-78.3-20.6
12.25%-79.6-67.7-147.8-91.4-26.4
12.00%-91.0-77.3-168.9-104.4-27.5
11.75%-95.8-79.3-187.9-117.2-33.9
11.50%-106.5-88.1-208.8-130.0-34.4
11.25%-117.1-96.1-231.0-142.8-41.5
11.00%-127.8-104.8-252.0-155.6-41.3
10.75%-138.4-113.5-278.6-170.4-49.0
10.50%-149.1-122.3-300.0-183.4-48.1
10.25%-159.7-131.0-321.4-196.3-56.5
10.00%-170.4-139.7-342.9-209.3-55.0
Winter wheat protein premium schedule
Protein levelSept. 20162015-20162014-20152013-20142012-2013
Hard Red Winter Wheat15.00%102.831.37.513.86.5
14.75%88.828.16.912.86.1
14.50%88.827.66.411.95.8
14.25%74.724.45.810.97.7
14.00%74.723.95.39.99.7
13.75%59.619.74.48.98.8
13.50%59.619.23.68.07.9
13.25%44.514.93.17.07.0
13.00%44.514.42.56.06.1
12.75%29.410.12.15.05.2
12.50%29.49.51.74.14.3
12.25%14.34.91.33.13.3
12.00%14.34.60.82.12.4
11.75%0.00.30.41.11.2
11.50%-1.3-0.30.00.00.0
11.25%-1.3-0.5-2.3-2.3-2.8
11.00%-21.1-8.9-4.7-4.6-5.6
10.75%-21.1-9.2-7.1-6.9-8.4
10.50%-40.9-17.6-9.6-9.2-11.3
10.25%-40.9-17.9-12.0-11.5-14.1
10.00%-60.7-26.3-14.4-13.8-16.9
9.75%-60.7-26.4-16.9-15.7-17.7
9.50%-77.1-34.6-19.4-17.5-18.6
9.25%-77.1-34.9-21.7-19.6-21.1
9.00%-95.5-43.2-24.1-21.6-23.6
8.75%-95.5-43.5-26.5-23.6-26.1
8.50%-115.9-51.3-28.8-25.6-28.6
8.25%-115.9-51.6-31.2-27.7-31.1
8.00%-134.3-59.8-33.5-29.7-33.6
7.75%-123.8-57.1-36.6-31.7-36.1
7.50%-140.5-67.5-39.7-33.7-38.6
7.25%-140.5-67.8-42.6-35.8-41.1
7.00%-170.8-71.6-45.6-37.8-43.6
Spring wheat test weight discount schedule
Test Weight (lbs/bu)Sept. 20162015-20162014-20152013-20142012-2013
Hard Red Spring Wheat58.00-0.5-0.5-0.50.00.0
57.50-2.6-2.6-2.6-1.4-1.9
57.00-4.2-4.2-4.2-3.3-3.5
56.50-6.4-6.4-6.4-4.8-5.5
56.00-8.0-8.0-8.0-6.5-7.2
55.50-10.9-10.9-10.9-8.9-9.6
55.00-12.7-12.7-12.7-11.3-12.0
54.50-15.3-15.3-15.3-13.5-14.4
54.00-17.1-17.1-17.1-15.9-16.8
Winter wheat test weight discount schedule
Test Weight (lbs/bu)Sept. 20162015-20162014-20152013-20142012-2013
Hard Red Winter Wheat60.000.00.00.00.00.0
59.50-1.9-1.9-1.9-1.2-1.6
59.00-2.4-2.4-2.7-2.7-3.2
58.50-4.4-4.4-4.7-4.4-5.1
58.00-4.9-4.9-5.5-6.2-7.1
57.50-7.9-7.9-8.2-8.1-9.5
57.00-8.6-8.6-9.3-10.4-12.0
56.50-11.5-11.5-12.5-12.3-14.5
56.00-12.1-12.1-13.6-14.6-16.9
55.50-15.1-15.1-16.4-16.9-19.4

Are you facing something similar in your area? Do these appear to underestimate or overestimate the premiums and discounts that you’re seeing at elevators?

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About Author

Dr. Anton Bekkerman is an associate professor in the Department of Agricultural Economics and Economics at Montana State University, joining the faculty in 2009 after completing his PhD at North Carolina State University. Bekkerman's primary areas of research are grain marketing, basis and price forecast modeling, understanding how grain prices are affected by changes in supply chain infrastructures and quality demands, and analyzing the economic trade-offs of adopting alternative dryland cropping systems in Montana. One of his current projects is an investigation of how new grain loading technologies are affecting prices that Montana farmers receive for their wheat. Bekkerman is also examining the economic impacts that Montana's rapidly expanding dry pulse industry will have on the state's crop industry. Although Bekkerman grew up on the east coast, he has recently made a small step toward production agricultural after acquiring three backyard chickens.

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