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Abstract
Buyers of grain use premiums and discounts to convey to suppliers
the value of quality characteristics. Premiums and discounts are
determined by supply and demand for those quality characteristics.
This report, the eighth in a series, contains the results of a 1991
survey of pricing and marketing practices used by North Dakota country
elevators for durum and hard red spring (HRS) wheat. Results for HRS
wheat show that the protein level increased to the highs of 1988 and
1989 and that the premium for 16 percent protein and the discount for
12 percent protein decreased from the previous year. Discounts
continued the downward trend of recent years.