Business, 13.04.2021 02:10, mckinleesmomp6qj1e
George Q Farmer expects to harvest 50,000 bushels of soybeans in October. In April, when the spot price of soybeans was $8.74 /bushel, George hedged 80% of his expected harvest with November futures at 866. Soybean contracts are defined as 5000 bushels/c and trade in cents/bushel. In October George Q's harvest comes in at 48,000 bushels. The spot price of Soybeans is now $7.53 /bushel and the basis is now 0.0400. George's profit (loss) on his futures position is
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George Q Farmer expects to harvest 50,000 bushels of soybeans in October. In April, when the spot pr...
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