increase It is March, and you plan to sell wheat to your local elevator in mid-June, but you are worried that wheat price may fall in June. Therefore, you decide to hedge in the Futures market and sell a futures contract. The July Wheat futures price is $4.65 per bushel, and the cash price in your area in mid-March is normally about 50.35 below the July futures price. Suppose by June the futures price fell by $0.50 to $4.15. Based on above information fill out the tables below and answer the questions that follow. Assume that the mid-June local price is $0.40 below the July Wheat future price. increase It is March, and you plan to sell wheat to your local elevator in mid-June, but you are worried that wheat price may fall in June. Therefore, you decide to hedge in the Futures market and sell a futures contract. The July Wheat futures price is $4.65 per bushel, and the cash price in your area in mid-March is normally about 50.35 below the July futures price. Suppose by June the futures price fell by $0.50 to $4.15. Based on above information fill out the tables below and answer the questions that follow. Assume that the mid-June local price is $0.40 below the July Wheat future price