Date An elevator operator typically purchases huge amounts of grain from farmers Assume the following prices Spot Price/Bu March Futures Price September 1 $2.10 $2.34 October 1 S2.05 $2.20 November 1 $2.20 $2.38 it costs the elevator 50.05/Bu/month to store the grain An elevator purchases grain from a farmer on September 1 at 3 cents under the spot and immediately seits it for cent over the spot price. what is the total profit, from both the spot and futures markets, per bushel of the elevator operator? again of 4 cents a loss of 6 cents o none of these other answers are correct again of Scents O a loss of 6 cents