Loading...
The Rural Voice, 1999-03, Page 68SPRING WHEAT UPDATE leads spring cereals in profit potential End-use markets recognize the value of Quantum After two years of experience with Quantum, millers, bakers and the feed industry are learning how to max- imize performance from this bin -busting variety. Elevator operators and the wheat board are also gain- ing expertise in effectively marketing this new crop to maximize producer returns. Quantum is the most widely grown hard red spring wheat in this diverse and rapidly expanding industry. Although clearly superior agronomically, Quantum presented some marketing challenges to the trade. Now, producers, millers, bakers and the feed industry are recognizing the desirable qualities of Quantum. The Ontario Cereal Crop Committee has recently supported an upgrade of Quantum's 3 -year interim registration to a full registration for eastern Canada. This interim registration was initially granted to allow the industry time to establish true quality and marketability of the product. Today, millers are using Quantum in a wide variety of applications. "Quantum is not a self -baker, but almost," says Agriculture and Agri -Food Canada researcher Dr. Judith Fregeau-Reid. "It's a blend strong." That means it can be used in higher quantities in a blend than some other hard red wheats with lower gluten strength. "Our goal is to ensure that Quantum wheat of milling quality is identified. segregated and moved into the most lucrative milling markets." ' - John McLaughlin 1. Canada Bread's Paul Nelson explains they have been using Quantum successfully at fairly high blend levels in a wide product range. "The most impor- tant thing to bakers is a consistent and definable quality of product," says Nelson. Producers can expect an extra 0 to 15 bushels per acre with uantum. Multiply that by dollars r bushel, and you've got a shot at some good money per acre" - Jim Whitelaw The industry has received that message loud and clear and is committed to doing a better job of segre- gation. "The elevators, C & M Seeds and the wheat board are much more confident now about the way Quantum behaves," says John McLaughlin, manager of Palmerston Elevators. "Our goal is to ensure that Quantum wheat of milling quality is identified, segre- gated and moved into the most lucrative milling mar- kets. The rest will offset the highest -priced wheat for feed coming in from western Canada. There are no losers in this picture." Ontario feed mills require 100,000 tonnes of hard red wheat each year. "Quantum is a high protein spring wheat for feed that,commands $40 a tonne more than off -grade traditional soft wheat for feed," says Jim Quantum vs. Barley Economic Comparison Based on Long Term Data Forward Current Projected Yield' Yield Current Contract Revenue' Revenue tonnes/ha Index' Pricing Price S/ha S/ha Barley 4.46 100 125.00" 120.00" 557.50 535.20 Quantum 4.58 103 150.00' 154.00" 687.00 705.32 • 1994-1997 official OCCC performance trials for barley and Quantum grown at same locations Based on approximate price delivered to Ontario feed mill OWPMB projected pool returns for 1998 crop, including protein premiums, excluding on-farm storage Current and projected revenues based on long term OCCC performance trials Current OWPMB forward contract price, including protein premiums 1