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March 15th: A producer plans to sell corn in late November; currently, Dec corn futures are trading at $10.83. The expected basis is $0.57

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March 15th: A producer plans to sell corn in late November; currently, Dec corn futures are trading at $10.83. The expected basis is $0.57 under. Does the producer have a long or short cash position? choose your answer... Does the producer have a long or short futures position? choose your answer... To hedge: The producer will choose your answer... November 30th. The producer must choose your answer... December corn futures at $10.83/bu. V corn locally in the cash market at $11.02/bu. December futures at $11.56/bu. To offset their future position, they must choose your answer... What is the realized price for the producer? type your answer...

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