Complete the table below filling out the shaded boxes and show the expected return and actual return to hedging using the provided numbers. Also answer the questions on the next page. (All numbers S/bu.), each box is worth 1 point each HEDGE TABLE 10/15/2020 Cash 4.40 Futures JUL 5.10 Corn 7/15/2021 Cash Futures JUL $0.08 6.15 6.30 Storage Cost per bushel per month Months Brokerage -001 E.B -0.20 Cost CASH Operation FUTURES Operation $/bu. BASIS S/bu. E.B. S/bu. Date $/bu. Gain (+) or Loss (-) Storage Costs Net From Cash Market Brokerage Net From Futures Net From Hedge Net Price Recived Net Price Expected I. 1. Should you consider hedging? (Use information from October 15, pretend you don't know July 15.) (4 pts) 2. Why? (Use information from October 15, pretend you don't know July 15.) (4 pts) 3. What might make you not hedge, even though it should be considered? (Use information from October 15, pretend you don't know July 15.) (4 pts) 4. Why was the Net Price Received different than the Net Price Expected? (Now you know July 15 information) (5 pts) Activate W Complete the table below filling out the shaded boxes and show the expected return and actual return to hedging using the provided numbers. Also answer the questions on the next page. (All numbers S/bu.), each box is worth 1 point each HEDGE TABLE 10/15/2020 Cash 4.40 Futures JUL 5.10 Corn 7/15/2021 Cash Futures JUL $0.08 6.15 6.30 Storage Cost per bushel per month Months Brokerage -001 E.B -0.20 Cost CASH Operation FUTURES Operation $/bu. BASIS S/bu. E.B. S/bu. Date $/bu. Gain (+) or Loss (-) Storage Costs Net From Cash Market Brokerage Net From Futures Net From Hedge Net Price Recived Net Price Expected I. 1. Should you consider hedging? (Use information from October 15, pretend you don't know July 15.) (4 pts) 2. Why? (Use information from October 15, pretend you don't know July 15.) (4 pts) 3. What might make you not hedge, even though it should be considered? (Use information from October 15, pretend you don't know July 15.) (4 pts) 4. Why was the Net Price Received different than the Net Price Expected? (Now you know July 15 information) (5 pts) Activate W