Given the following information, what would you expect to be the minimum price at which a 12 month futures contract for 100 bushels of corn would be trading? The spot price of corn is $26 per bushel. Storage and insurance costs for oil are $2.25 per 100 bushels, per month payable at the end of the storage period You can borrow money at 6% per year. a) $2,729 b) $2,627 c) $2,758.25 d) $2,783