15, choose Check for Updates. 2 Marks 2. A wheat grower estimates (in January) that his production will total 120,000 bushels of wheat, and the harvest will be completed in June. Checking the price of futures contracts, he notices that the price of June wheat is $12.90 per bushel but he expects that the price will fall by June when all farmers bring their crop to the market. The Farmer decides to Hedge by entering into the appropriate Futures Contract (wheat futures contracts are traded in 2000 bushel units). Required: A Prepare his Future Contract Sheets, assuming the Price in June Drops to $10 in June 1 Mark B. Prepare his Future Contract Sheet below, assuming the price of a Bushel increases to $15 in June 1 Mark E. What is the benefit for the farmer from entering futures contracts? Marks Focus