1 (5 points): Fill in the blanks: Basis = AGEC 314: Marketing Food and Agriculture Products Homework 5 (51 points) Cash Price = Expected price from hedging = Realized (net) price from hedging = OR = Question 2 (4 points): Stronger versus weaker basis Stronger basis A stronger basis means that the local cash price is (relatively) stronger. The realized price is above the expected price. (Insert "helps" or "hurts" below) the short hedger