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Basis risk: A short hedge for a corn grower. The expected basis is $ - 0 . 3 0 . And the actual basis is

Basis risk: A short hedge for a corn grower. The expected basis is $-0.30. And the actual basis is $-0.40.
\table[[Date,Cash,Futures],[1-Oct,Cost of Production $6.00,May Futures ,$6.40
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