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The
highest base price doesn’t always result in the
highest value for your crop.
The premiums and discounts applicable to each contract
need to always be taken into consideration before delivering
wheat into a contract or making a sale.
This
is highlighted by the following figures, which were
taken from actual contracts held by the one grower for
the 2001/2002-wheat harvest.
Bin
Grade APH2, Varietal Grade APH
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Contract
Number |
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Base
Price |
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Premiums
& Discounts per 0.1% |
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1 |
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$267.04/mt |
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12.7-12.9=-40c
13.1-14=+$1 14.1-16=+40c Screenings +/- 20c |
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2 |
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$269.50/mt |
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12.7-12.9=-$1.20
13.1-14=+$1.70 14.1-16= +$1.20 Screenings +25c –20c |
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3 |
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$267.50/mt |
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12.7-12.9=-$1.40
13.1-14=+$1.70c 14.1-16=+$1.40 Screenings +/- 25c |
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4 |
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$260.40/mt |
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12.0-12.9=-90c
13.1-14=+80c 14.1-15= +50c 15.1-16=+20c Screenings
+25c –20c |
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Results
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1 |
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2 |
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3 |
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4 |
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Bin |
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Varietal |
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Protein |
Screenings |
Price |
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Price |
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Price |
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Price |
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APH2 |
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APH |
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13.1 |
1.2 |
$275.64 |
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$280.79 |
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$278.70 |
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$270.70 |
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APH2 |
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APH |
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14.5 |
2.0 |
$285.04 |
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$300.09 |
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$299.00 |
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$278.40 |
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APH2 |
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APH |
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15.5 |
4.0 |
$285.04 |
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$307.09 |
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$308.00 |
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$276.90 |
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Bin
Grade H2 Varietal Grade APH
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Contract
Number |
|
Base
Price |
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Premiums
& Discounts per 0.1% |
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1 |
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$245.04/mt |
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11.3-11.4=-$1.30
11.6-12=+$1.50 12.1-12.9=+$1.30c Screenings +/-
20c |
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2 |
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$248.95/mt |
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11.3-11.4=-90c
11.6-12=+80c 12.1-12.9= +60c Screenings +25c –20c |
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3 |
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$245.50/mt |
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111.3-11.4=-90c
11.6-12=+80c 12.1-12.9=+60c Screenings +/- 25c |
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4 |
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$260.40/mt |
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11.0-11.9=-$1.00c
12-12.9=-90c Screenings +25c – 20c |
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Results
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1 |
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2 |
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3 |
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4 |
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Bin |
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Varietal |
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Protein |
Screenings |
Price |
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Price |
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Price |
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Price |
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H2 |
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APH |
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11.9 |
1.2 |
$258.64 |
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$261.29 |
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$258.20 |
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$259.90 |
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H2 |
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APH |
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12.6 |
5.0 |
$260.34 |
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$256.19 |
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$253.10 |
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$256.80 |
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H2 |
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APH |
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12.9 |
2.5 |
$269.24 |
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$264.24 |
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$261.15 |
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$265.75 |
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