55. A September 2018 harvest futures contract for soybeans is S10.52/bushel. Your average basis for soybeans in May is S0.15/bushel, and it costs you $0.90/bushel (including any marketing expenses) to store the crop until May. What should the May 2019 futures price be for you to expect to make at least S0.10/bushel by storing the crop to sell in May? 56. Members of the Keystone Fields Cooperative pay a fee (TCp) to get each ton of their chickpeas hauled to the processing plant that is calculated as TCp 15+d; where d-miles between farm and processing plant. If they are paid S32/ton of chickpeas, what is their net return if b. d 13 c. d- 52 57. Those same Keystone Fields Cooperative members buy their fertilizer at the same plant location and have it delivered to the farm at a cost of S12/ton +hauling costs. Hauling costs are TCf 2+d. What is the cost of delivered fertilizer if b. d- 13 c. d- 52 58. Now, using the same formulas to calculate hauling costs, suppose it takes 2 tons of fertilizer per acre to produce 3 tons of peas per acre. What is your net revenue if you are 27 miles from the processing plant/fertilizer distribution center? How many acres would you logically grow in this situation? 55. A September 2018 harvest futures contract for soybeans is S10.52/bushel. Your average basis for soybeans in May is S0.15/bushel, and it costs you $0.90/bushel (including any marketing expenses) to store the crop until May. What should the May 2019 futures price be for you to expect to make at least S0.10/bushel by storing the crop to sell in May? 56. Members of the Keystone Fields Cooperative pay a fee (TCp) to get each ton of their chickpeas hauled to the processing plant that is calculated as TCp 15+d; where d-miles between farm and processing plant. If they are paid S32/ton of chickpeas, what is their net return if b. d 13 c. d- 52 57. Those same Keystone Fields Cooperative members buy their fertilizer at the same plant location and have it delivered to the farm at a cost of S12/ton +hauling costs. Hauling costs are TCf 2+d. What is the cost of delivered fertilizer if b. d- 13 c. d- 52 58. Now, using the same formulas to calculate hauling costs, suppose it takes 2 tons of fertilizer per acre to produce 3 tons of peas per acre. What is your net revenue if you are 27 miles from the processing plant/fertilizer distribution center? How many acres would you logically grow in this situation