Hopper:
First, tell me what an average year is!
Protein premiums are a function of
supply/demand of protein. Last year saw good
production of high protein, and coupled with a
strong feed market, protein premiums were (are)
almost non- existent.
In 2010-11, we saw stronger premiums. At one
point, the premium for 14% over 13% (just on
percent of protein) got to $100/tonne ($2.72/bu)
Here's a chart.
http://www.cwb.ca/why-pool
What protein premiums will be this upcoming year
is anyone's guess. The data I've seen shows
protein premiums to be very volatile and
sometimes very substantial.
First, tell me what an average year is!
Protein premiums are a function of
supply/demand of protein. Last year saw good
production of high protein, and coupled with a
strong feed market, protein premiums were (are)
almost non- existent.
In 2010-11, we saw stronger premiums. At one
point, the premium for 14% over 13% (just on
percent of protein) got to $100/tonne ($2.72/bu)
Here's a chart.
http://www.cwb.ca/why-pool
What protein premiums will be this upcoming year
is anyone's guess. The data I've seen shows
protein premiums to be very volatile and
sometimes very substantial.
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