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For an expected harvest of 40,000 bushels of wheat, how many CBOT wheat futures contracts would you sell to hedge the sale? 8 7 6

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For an expected harvest of 40,000 bushels of wheat, how many CBOT wheat futures contracts would you sell to hedge the sale? 8 7 6 5 4 Question 48 (2 points) You sell CME Lean Hog futures contracts at $56.00/cwt. You expect the basis to be $1.50 under. What is your target sales price? None of the above $58.50/cwt $57.50/cwt $56.50/cwt $55.50/cwt

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