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3. Complete the following Grain Hedge Position Report by entering in the Long and Short Futures Contracts. Balance the Net Position to within +/- 2,500
3. Complete the following Grain Hedge Position Report by entering in the Long and Short Futures Contracts. Balance the Net Position to within +/- 2,500 bushels using the 5,000 bushel futures contracts. Old crop bushels should be hedged with JUL futures and new crop bushels should be hedged with DEC futures. LONG POSITION SHORT POSITION 143,000 NET COMPANY OWNED STOCKS UNRECEIVED GRAIN BOUGHT & PRICED UNRECEIVED GRAIN BOUGHT & PRICED Bushels Bushels Delivery Period Delivery Period Old crop 48,000 Old crop 100,000 New crop 35,000 Total 83,000 Total 100,000 Students should fill the below cells. LONG FUTURES CONTRACTS SHORT FUTURES CONTRACTS Bushels Bushels Futures Month Futures Month Total Total TOTAL LONG POSITION TOTAL SHORT POSITION NET POSITION: 3. Complete the following Grain Hedge Position Report by entering in the Long and Short Futures Contracts. Balance the Net Position to within +/- 2,500 bushels using the 5,000 bushel futures contracts. Old crop bushels should be hedged with JUL futures and new crop bushels should be hedged with DEC futures. LONG POSITION SHORT POSITION 143,000 NET COMPANY OWNED STOCKS UNRECEIVED GRAIN BOUGHT & PRICED UNRECEIVED GRAIN BOUGHT & PRICED Bushels Bushels Delivery Period Delivery Period Old crop 48,000 Old crop 100,000 New crop 35,000 Total 83,000 Total 100,000 Students should fill the below cells. LONG FUTURES CONTRACTS SHORT FUTURES CONTRACTS Bushels Bushels Futures Month Futures Month Total Total TOTAL LONG POSITION TOTAL SHORT POSITION NET POSITION
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