2 Basis trading questions

17) It's March and you just got off the phone with livestock feeder in which you sold him 10,000 bushels of corn for October delivery at your current new crop board price. What order do you call into your futures broker to immediately hedge this transaction? a) Buy 2 contracts of MAY corn at the market. b) Sell 2 contracts of MAY corn at the market. c) Buy 2 contracts of DEC corn at the market. d. Sell 2 contracts of DEC corn TAS. 10,000 OCy Buy 2 19) You have a contract with a local feeder to sell him 10,000 bushels of corn at +20 JUL. He calls and wants to price the contract on the close of the market. What order do you call into your futures broker to execute the pricing of this sale to the feeder? a) Buy 2 contracts of JUL corn at the market. b) Buy 2 contracts of JUL corn TAS. 4. Sell 2 contracts of JUL corn at +20 JUL. (s) Sell 2 contracts of JUL corn at the market