$1.$ When the US sends war ships towards the Strait of Hormuz in an effort to keep world oil

flowing from the Persian Gulf toward export markets this would be a fundamental factor

under the heading of:

a$)$ exchange rate

b$)$ invasion

c$)$ ending stocks

d$)$ weather

$2.$ New crop corn futures follow which futures month:

a$)$ Dec

b$)$ Mar

c$)$ May

d$)$ July

$3.$ The cash price a producer in Ontario receives for his corn is made up of two portions. What

are the two portions?

a$)$ futures and basis

b$)$ cash and futures

c$)$ deferred futures $($such as Dec $21)$ and local basis

d$)$ the local elevator basis cash price plus or minus the local basis

$4.$ The USDA report that came out Feb $2024$ contains information dealing with:

a$)$ technical analysis

b$)$ fundamental analysis

$5.$ Cattle and hogs would be considered part of which complex?

a$)$ grain

b$)$ oilseed

c$)$ red meat

$6.$ A farmer is looking to lock in basis on a basis contract. Corn Futures in Mar are $4\mathrm{.}50$ and the basis is $0\mathrm{.}70$ over. What would the elevator pay him today?

$5\mathrm{.}20$ a bushel

$3\mathrm{.}80$ a bushel

$3\mathrm{.}12$ a bushel

$2\mathrm{.}70$ a bushel

please answer all questions the last person only answered the first one