41. Calculate the outcome of the short hedge example listed below (cents/bushel) to breakeven on $5.80 per bushel (3 points): Show +/- signs to indicate gain or loss. Cash Market Futures Market Basis In January Shorts (sells) Sept = 600 -10 Sells in August cash = 790 Offsets August (buys) = 800 -10 a. What cash price is the market offering in January (basis - 10)? = b. What did the producer make on cash grain sold in August c. What was the gain or loss in the futures market after offsetting = Brokerage cost is 11 2 d. Net Price Realized (cents/bushel) I 41. Calculate the outcome of the short hedge example listed below (cents/bushel) to breakeven on $5.80 per bushel (3 points): Show +/- signs to indicate gain or loss. Cash Market Futures Market Basis In January Shorts (sells) Sept = 600 -10 Sells in August cash = 790 Offsets August (buys) = 800 -10 a. What cash price is the market offering in January (basis - 10)? = b. What did the producer make on cash grain sold in August c. What was the gain or loss in the futures market after offsetting = Brokerage cost is 11 2 d. Net Price Realized (cents/bushel)