Protein Question ?

[agchat]

Hauled a bit a wheat I contracted last fall for
9.05 a bushel, based on # 1 13.5. Got cheque
today and noticed it was a 14.1 protein, but still
got paid same price of 9.05. Phoned Vittera, was
told that no spread on protein. Checked wheat
Board site and noticed from a 13.5 to 14.1 it is a
13 cent spread. What are others finding?

[wd9]

Agchat, what does your contract stipulate
if you did not deliver 13.5% ?

[RD414]

My question would be what if my protien had been 11, would there have been a discount

[charliep]

North America has more than adequate protein wheat
and the spreads between 13.5 and 14.5 have zero to
a dime bushel (both Canada and US). Spreads on
lower protein are tighter than normal.

Been looking at historical protein spreads for a while.
Volatility will be the name of the game.

[Hopperbin]

Havn't sold any of this wheat but was it not protien spread determined on delivery? Like smart move there. Other than than anyone got any prices on new crop?

[Hopperbin]

Can understand protien is not being paid for cause of so much high protien wheat availlable. Neighbours say they have 15.5 percent where that is never heard of around here.
Bigger question is since near Humboldt we have never ever had 15 percent protein before maybe a few had what ever, should one be saving it? Big question.

[Hopperbin]

Could also not be paid for cause us stupid farmers don't ask for it.

[agchat]

Thanks for the reply guys, but has anyone else
sold wheat with no protein premium since Sept 1
2012, other than the wheat board? Crap, I hope
we have not made a mistake
here?????????????????????????????????????????????? ??

[fjlip]

Pioneer Wadena paid premium for protein over 13 in Nov.

[wd9]

agchat, what does the contract say in
regards to protein?