If you are a flour miller and you expect your local wheat basis to be -$.40/bushel in March and you buy a March Wheat futures
If you are a flour miller and you expect your local wheat basis to be -$.40/bushel in March and you buy a March Wheat futures contract for $4.50, then your expected purchase price for wheat in March would be what?
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Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
