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 level Sept. 2016 2015-2016 2014-2015 2013-2014 2012-2013 Hard Red Spring Wheat 16.50% 60.5 47.5 110.5 95.0 8.1 16.25% 54.9 43.1 98.9 85.5 6.9 16.00% 49.3 38.7 88.0 76.0 6.5 15.75% 43.1 33.9 76.5 66.5 5.4 15.50% 37.0 29.1 66.0 57.0 4.9 15.25% 30.8 24.2 54.5 47.5 3.8 15.00% 24.6 19.4 44.0 38.0 3.3 14.75% 18.5 14.5 32.5 28.5 2.3 14.50% 12.3 9.7 22.0 19.0 1.6 14.25% 6.2 4.8 10.5 9.5 0.8 14.00% 0.0 0.0 0.0 0.0 0.0 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 level Sept. 2016 2015-2016 2014-2015 2013-2014 2012-2013 Hard Red Winter Wheat 15.00% 102.8 31.3 7.5 13.8 6.5 14.75% 88.8 28.1 6.9 12.8 6.1 14.50% 88.8 27.6 6.4 11.9 5.8 14.25% 74.7 24.4 5.8 10.9 7.7 14.00% 74.7 23.9 5.3 9.9 9.7 13.75% 59.6 19.7 4.4 8.9 8.8 13.50% 59.6 19.2 3.6 8.0 7.9 13.25% 44.5 14.9 3.1 7.0 7.0 13.00% 44.5 14.4 2.5 6.0 6.1 12.75% 29.4 10.1 2.1 5.0 5.2 12.50% 29.4 9.5 1.7 4.1 4.3 12.25% 14.3 4.9 1.3 3.1 3.3 12.00% 14.3 4.6 0.8 2.1 2.4 11.75% 0.0 0.3 0.4 1.1 1.2 11.50% -1.3 -0.3 0.0 0.0 0.0 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. 2016 2015-2016 2014-2015 2013-2014 2012-2013 Hard Red Spring Wheat 58.00 -0.5 -0.5 -0.5 0.0 0.0 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. 2016 2015-2016 2014-2015 2013-2014 2012-2013 Hard Red Winter Wheat 60.00 0.0 0.0 0.0 0.0 0.0 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?
