Hedging

Fill the relevant blanks with question marks.( in $/bushel, $/ton ) 1). Type of Hedge?__________

Cash

April 1 Buys 100 tons of September soybean meal at $ 170 per ton.

Gain ________? Loss ________?

Futures

April 1 Sells 100 tons of September soybean meal Futures at $ 200 per ton.

July 1 Buys 100 tons of September Futures soybean meal at $____? per ton.

Gain _____ Loss $20________

BASIS ?

___________?

July 1 Sells 100 tons of soybean meal at $ 200 per ton

____________?

NET HEDGE SELLING PRICE _______________ ?