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Calculate the margin on this short - the - basis transaction: Make a sale of soybeans in May for immediate delivery at + 2 0

Calculate the margin on this short-the-basis transaction:
Make a sale of soybeans in May for immediate delivery at +20 JUL.
Deliver soybeans during May from your inventory that farmers have yet to price but which you have title to under the terms of a Deferred Price Contract.
Pay 10 freight for delivery.
Receive payment for the soybeans.
Spread JUL/AUG at .05 carry.
Price soybeans farmers have on Deferred Price Contract at +5 AUG during July and pay them for the beans.
Earn 10 interest (total) on the money you held for the two months.

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