George Q Farmer expects to harvest 50,000 bushels of soybeans in October. In April, when the spot price of soybeans


George Q Farmer expects to harvest 50,000 bushels of soybeans in October. In April, when the spot price of soybeans was $8.74 c and trade in centsbushel and the basis is now 0.0400. George’s profit (loss) on his futures position is


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