In order to hedge the value of your soybeans before harvest, you sold November (new crop)

futures at $11.43/bu. Your expected basis at harvest is -$0.55 cents/bu. What price do you

expect to receive at harvest?

When the time comes to unwind your hedge at harvest (sell soybeans in the cash market and

buy back your futures hedge), the following prices prevail: $11.39 November futures and $10.95

cash price. What price did you actually receive at harvest?