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Assume your suppliers cash market price is generally quoted over the futures price. If you hedge by purchasing a futures contract, a good time to

Assume your suppliers cash market price is generally quoted over the futures price. If you hedge by purchasing a futures contract, a good time to purchase the product and lift the hedge would be:

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once you have hedged, it makes no difference

when the basis is relatively weak

when the basis is relatively strong

whenever the cash market price is lowest

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