53. _________ analysis utilizes supply and demand relationships in examining the current and future price trend of a commodity. a) Fundamental b) Technical 54. A _________ hedger benefits from a strengthening basis. a) long b) short 55. _______________ analysts use commodity futures charts to analyze the direction of commodity prices in the future based on historical prices. Pennants and flags are examples of indicators used by these same analysts. a) Fundamental b) Technical 56. Where is the wheat grown that represents the wheat traded on the Chicago Board of Trade (CBOT) wheat futures market? a) US soft red winter wheat grown in the central and north-central plains and eastern United States. b) US hard red winter wheat grown in the US great plains. c) High protein hard red spring wheat grown in the northern US. 57. Producers faced many challenges during the early 1900s concerning the handling of prairie grain. Producers complained that improper weighing methods were being used by grain buyers, price fixing was occurring between grain buyers, and the Canadian Wheat Board (CWB) was restricting producer freedom and producer choices in marketing their grain. a) True b) False 58. Within a specific commodity futures contract month, if the