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As a soybean producer, you are concerned about soy prices. Currently, they are at $45/ bushel. Therefore, you enter into the appropriate futures contract at

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As a soybean producer, you are concerned about soy prices. Currently, they are at $45/ bushel. Therefore, you enter into the appropriate futures contract at the current spot price. What position do you take and why? What is your profit or loss, if six months later, soybean is selling at the spot market for $52 bushel? Why

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