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Assume the same buyer as in question 1 and that storage cost for corn between December 1 , 2 0 2 3 and March 1
Assume the same buyer as in question and that storage cost for corn between December and March is $ bu What would his net purchase price cost for the corn be if:
a He bought the physical corn on in the cash market when the local cash price was
$
b He hedged long position the corn on and then offsets the contract on when local cash price is $ and the March Corn futures price is $
c He waited to purchase the corn on when the basis was $ over per bushel and the futures price was $
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