d. What if it's a different scenario and what you buy in a month is delivered early next month.
 

8. Buying and Selling a Commodity. A small firm buys and sells wheat. It owns a warehouse with a capacity of 10,000 bushels, and as of late August, there will be 2,000 bushels in the warehouse. Wheat is delivered to the warehouse during the first week of the month, and it is sold and shipped around the middle of the month. All transactions are on a cash basis because the season is short, and the firm expects to have $20,000 in its accounts at the end of August. This amount is available for making Sep- tember purchases. The latest predictions of market prices are shown in the following table.